The last analysis on Mr Price was on the 17th of March 2023 and the bears were still in control, link below.
Looking at price action, there has been a significant bounce from 13104 and most importantly, this bounce has broken above 15199 which rules out a simple five wave decline from 18972.
The larger Elliott Wave structure from 24225 is a double-zigzag (W)(Y) with a large triangle (X) wave.
If a bottom is in, price must hold above 13104 which is the invalidation level and should be used as a stop-loss level.
Buying the dips is the strategy above 13104.
Looking at price action, there has been a significant bounce from 13104 and most importantly, this bounce has broken above 15199 which rules out a simple five wave decline from 18972.
The larger Elliott Wave structure from 24225 is a double-zigzag (W)(Y) with a large triangle (X) wave.
If a bottom is in, price must hold above 13104 which is the invalidation level and should be used as a stop-loss level.
Buying the dips is the strategy above 13104.
