Didn't we just finish the 5th elliott wave? Are we looking for an ABC correction?
zameericle
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@dcardona1, looking at the 1D view, I'm not so sure. I see the 5 steps of the elliot wave, but I also see ABC moving up and not down.
to be fair though, this is the first time I'm learning about elliot waves.
VinceKhoo
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How sure r u
zameericle
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@VinMoney, I wouldn't bet the farm on it ;) as I'm getting into analysis; but the flag does also look like a falling wedge which could mean a breakout is about to happen; it's just a matter of when. Where I'm uncertain though is that the flag shows a downward trend in the 4hr view that makes it seem like the gains over the last 4 days have been lost -- but still depending on when the breakout happens, if at all, I do still feel that we'll be higher than 0.035 at some point...