GU Elliot Wave long term movement
Hello traders! I am posting on GU again. This weekend I have extra time on my hand :)
I have created this chart to breakdown the movements according to Elliot wave theory on H4.
At the end of Wave C there is a possibility of 3 corrective wave down and another 5 wave up to break the major resistance. But for now it is safe to assume a short at that level will be a wise choice and we count the waves from there.
Wish all of you a great weekend and happy trading!
I have created this chart to breakdown the movements according to Elliot wave theory on H4.
At the end of Wave C there is a possibility of 3 corrective wave down and another 5 wave up to break the major resistance. But for now it is safe to assume a short at that level will be a wise choice and we count the waves from there.
Wish all of you a great weekend and happy trading!