Elliot Wave: As we can see the rise from the end of September until the 10th of October completed a wave 1. Now we corrected with what looks like a combination pattern, and our wave 2 supposedly ended at 1.01 which is the 50% retracement of wave 1 on a log scale. The current pullback could be the retracement of wave 1 of a smaller degree, and should not go below 1.01, once wave 2 of the smaller degree is completed we should resume our upside trend and start a snowball effect of wave 3s.
Possible reversed head and shoulders: What is also interesting is that we can see the beginning of a formation of what could be a reversed head and shoulders. Let's keep an eye on the break of the neckline, that could indicate the beginning of a nice uptrend.
Possible reversed head and shoulders: What is also interesting is that we can see the beginning of a formation of what could be a reversed head and shoulders. Let's keep an eye on the break of the neckline, that could indicate the beginning of a nice uptrend.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.