-ABCDE Elliot Triangle Correction Pattern.
-Typically E-Wave is a Range Contraction prior to Break-out
-Major Trendline Resistance + Price Level Resistance at 10,000/10,500
-Weekly Candle likely to Close with Rejected Wick off Resistance
-Major Price Support at 63xx/65xx Will further Develop Right Shoulder Structure of HnS pattern.
-Completion of HnS Pattern Results in both Elliot Wave Correction pattern completing and a Triangle Breakout
-Measured Move places 23,000 Target for Late Q3/Early Q4 2020.
-Typically E-Wave is a Range Contraction prior to Break-out
-Major Trendline Resistance + Price Level Resistance at 10,000/10,500
-Weekly Candle likely to Close with Rejected Wick off Resistance
-Major Price Support at 63xx/65xx Will further Develop Right Shoulder Structure of HnS pattern.
-Completion of HnS Pattern Results in both Elliot Wave Correction pattern completing and a Triangle Breakout
-Measured Move places 23,000 Target for Late Q3/Early Q4 2020.