Since 5-6 weeks I became a great fan of Elliott Waves theory. However i'm pritty new in this. So I would appreciate ctiticism.
This is an absolute Elliot's Wave classic IMPULSE with classic ABC correction.
I believe there would be one more up to about FIB 0.618 before the corrective wave c is in action.
SELL after price is denied from the zone 1.3869 - 1.3700.
SL - 50-60 pips abouve the highest point of the zone.
Target 1 - 13464
Target 2 - 1.2410(long term)
This is an absolute Elliot's Wave classic IMPULSE with classic ABC correction.
I believe there would be one more up to about FIB 0.618 before the corrective wave c is in action.
SELL after price is denied from the zone 1.3869 - 1.3700.
SL - 50-60 pips abouve the highest point of the zone.
Target 1 - 13464
Target 2 - 1.2410(long term)
The potential last move UP should develop till END of January.