30min long elliot wave setup

5 Eyl 2023

After a nice 5 wave rally, it seems like price has completed or almost completed a nice corrective bottoming structure. Price ideally needs one more low on the lower time frame count to complete the structure even though it has fulfilled the minimum requirements for this correction. Price soon has good chances to rally from this black fibonacci area to at least 0.88 level in a larger third wave given the complete corrective bottoming structure after five wave rally.