$FET Elliot Wave Updated, Triangle forming?

appears to be printing a triangle in a larger degree wave B of an ABC counter-bear trend correction.

Wave (D) is expected to finish at the descending resistance, poking above the daily 200EMA, while wave (e) is often shallow so expected to end at the daily pivot point. The target is $1.6 at he triangle pattern depth and major High Volume Node resistance.

An ABC corrective wave does not mean that the macro count is invalidated and may form part of larger ending diagonal series of ABCs to achieve my high degree wave 5 targets above all time high. I will update the weekly chart to reflect this shortly.

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Maddox_Metrics

🎓 Behavioural Economist (PhD)
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