Hi, Princess Gwen here, looking into the crystal ball to see what's in the future.
This graph is almost a textbook-perfect example of an Elliot wave impulse, with an equally perfect example of a double-top. One would expect a perfect ABC correction afterwards, taking us down to one of the fibonacci retracement levels. Which level though? Stopping at 50%? I doubt it.
This graph is almost a textbook-perfect example of an Elliot wave impulse, with an equally perfect example of a double-top. One would expect a perfect ABC correction afterwards, taking us down to one of the fibonacci retracement levels. Which level though? Stopping at 50%? I doubt it.