According to Eliott Wave theory, we could be at the beginning stages of a Wave 3 impulse wave.
Wave 1 started at the bottom in September of 2019. We have 3 peaks making higher highs. We have 2 corrections making higher lows.
Wave 2 corrected in the ABC pattern with 2 moves down and a peak lower than the peak of wave one.
Let me know what you think.
Target, according to the theory, is the 1.618 Fibonacci extension of wave one.
Wave 1 started at the bottom in September of 2019. We have 3 peaks making higher highs. We have 2 corrections making higher lows.
Wave 2 corrected in the ABC pattern with 2 moves down and a peak lower than the peak of wave one.
Let me know what you think.
Target, according to the theory, is the 1.618 Fibonacci extension of wave one.