We are likely to lose even more ground on this one. It's quite a classical picture: zigzag, upgoing zigzag to resume in more zigzag. I am oversimplifying things ofcourse here. Taking conservative goals here, as we have dropped a significant amount on his one and have been doing so for a significant amount of time also. We do not know why, but continue to observe that any market follows rules of fractal action with a series of cohesive collapsing and expanding, repeating patterns. We use this principle in market analysis and this is by far the most effective approach that we know of.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
交易结束：到达目标
All three! Elliott!!
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