Elliott Impulse Wave 12345 formed in downtrend chart. Now we wait the breakout momentum to see if:
1) Goes up if break the blue line, than we will wait for the ABC correction final wave. (C) (and a possibilty of cup and handle further)
2) Goes down if break the green line, than we will wait for the ABC correction final wave (C) to see if breaks the suppport or not.
1) Goes up if break the blue line, than we will wait for the ABC correction final wave. (C) (and a possibilty of cup and handle further)
2) Goes down if break the green line, than we will wait for the ABC correction final wave (C) to see if breaks the suppport or not.