Tron trx Rose via triangular diagonal Elliot and fall via same ( if you thinking about correction of first wave then the starting 3 waves of down wave are ABC of rising wave) !
Focusing other other timeframe charts we get :
On the Daily Chart, current price is completing Wave 2 and the theory tells us Wave 3 is typically (not always) the longest Impose Wave.
On the Weekly Chart, last week closed with a doji and as of the moment a bullish inverted hammer appears to be forming (week just started).
We can draw H and S there but in downtrend won't like to draw that !
Overall there are many indications of reversal and we could see that soon !
Focusing other other timeframe charts we get :
On the Daily Chart, current price is completing Wave 2 and the theory tells us Wave 3 is typically (not always) the longest Impose Wave.
On the Weekly Chart, last week closed with a doji and as of the moment a bullish inverted hammer appears to be forming (week just started).
We can draw H and S there but in downtrend won't like to draw that !
Overall there are many indications of reversal and we could see that soon !
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.