Elliot Wave analysis. Is (C) 0.5 or 0.702 fibonacci?
Hello,
I'm getting better at these Elliot Waves. I put forth two bull possibilities. The difference is how I counted (iii) and (iv) in orange.
Notice the RSI and Stochastic trend is up.
Any comments on the Elliot Waves is welcome, as I'm still learning.
I made the charts daily, as I wanted the 200 day MA on there. It is an important barrier to break through.
I'm getting better at these Elliot Waves. I put forth two bull possibilities. The difference is how I counted (iii) and (iv) in orange.
Notice the RSI and Stochastic trend is up.
Any comments on the Elliot Waves is welcome, as I'm still learning.
I made the charts daily, as I wanted the 200 day MA on there. It is an important barrier to break through.
Kommentera:
By the way, on the left side, I put (C) at 0.5 fibonacci followed by an (a)(b)(c) then to a new impulse (1) up. I didn't know if that was correct to do that.