we can see clearly from my largest 12345 elliott wave that we are still in corrective wave 4. the question is where will wave 4 land?
we can see that wave 4 is a zigzag. we are in the final wave of this zigzag. the final wave is clearly a diagonal, because the top of D recovers above A. drawing lines connecting B-D and A-C reveals that we are currently in an expanding diagonal, which spells bad news for the final landing spot of this corrective wave. i'm expecting us to land around 800-900 sat range, but only time will tell. i wouldn't buy until we see confirmation of breakout of this correction. however, this is not investment advice, DYOR :)
we can see that wave 4 is a zigzag. we are in the final wave of this zigzag. the final wave is clearly a diagonal, because the top of D recovers above A. drawing lines connecting B-D and A-C reveals that we are currently in an expanding diagonal, which spells bad news for the final landing spot of this corrective wave. i'm expecting us to land around 800-900 sat range, but only time will tell. i wouldn't buy until we see confirmation of breakout of this correction. however, this is not investment advice, DYOR :)