If the wave count is correct, there will be the fifth wave based on Elliott. If the count is not correct, it has been forming a double bottom by now.
Still need further confirmation prior to any trading action.
Still need further confirmation prior to any trading action.
Kommentera:
Usually (not always), the fourth wave is a Zigzag flat corrective wave. So, you may well eat up the second wave & the third wave inside the Zigzag with little risk.