Hi everyone,
Here's the potential Elliot wave in the making - it usually extends to the fibs but please don't take the prices in this chart as a guarantee.
Price doesn't go up or down in a straight line but in this way we could get an overall picture.
Elliot Wave Theory remains a theory but it has very solid grounds, take in mind that the these waves contain sub waves & corrective waves, etc...
When using Elliot Waves I do like to keep it as "general" as possible, you could calculate them more accurately but doesn't mean price will exactly follow this :)
www.google.com/search?q=elliott+...
Wave 2 could have finished, however they do tend to go even deeper so that would brings us potentially around 90 cent support zone.
Kind regards,
Noel
Here's the potential Elliot wave in the making - it usually extends to the fibs but please don't take the prices in this chart as a guarantee.
Price doesn't go up or down in a straight line but in this way we could get an overall picture.
Elliot Wave Theory remains a theory but it has very solid grounds, take in mind that the these waves contain sub waves & corrective waves, etc...
When using Elliot Waves I do like to keep it as "general" as possible, you could calculate them more accurately but doesn't mean price will exactly follow this :)
www.google.com/search?q=elliott+...
Wave 2 could have finished, however they do tend to go even deeper so that would brings us potentially around 90 cent support zone.
Kind regards,
Noel
