Channel respected, or not - we will see.
The down move was a zigzag, with the triangle in wave B.
To confirm the upside - need an impulse up, overlapping wave A extreme of the zigzag, and a correction. Lower boundary of a channel should act as support.
PS. Channeling techniques for Elliott waves have some specifics. If we draw a channel to project wave4 of the impulse (like shown on the chart), it has not to stand and may be broken. Nevertheless, it has its support/resistance power.
If broken but by the wave 4 - when price returns to the channel, it speeds up to complete the fifth wave
The down move was a zigzag, with the triangle in wave B.
To confirm the upside - need an impulse up, overlapping wave A extreme of the zigzag, and a correction. Lower boundary of a channel should act as support.
PS. Channeling techniques for Elliott waves have some specifics. If we draw a channel to project wave4 of the impulse (like shown on the chart), it has not to stand and may be broken. Nevertheless, it has its support/resistance power.
If broken but by the wave 4 - when price returns to the channel, it speeds up to complete the fifth wave
Clause de non-responsabilité
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