The daily chart shows that it's been trading in a range for long time so a break of that range to the downside would be ideal for this count. But risk is so tight here at the wave 2 extreme that shorting now is also a viable strategy.
This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
No comments:
Post a Comment