Optimism/USD: Gartley + WXY Elliott Wave Correction Completion

11 May 2023

A few factors that may indicate a trend reversal near term for the fast-falling optimism token:

• High time frame Gartley pattern potential reversal zone (PRZ).
  
• Looks like the WXY on the HTF correction is near complete, with a final drawn-out zig-zag, nearing it's AB = BC wave length comparison.
  
• The komo cloud is still trending down strongly, but getting thicker - indicating an overextension from the mean.
  

Don't try to catch the falling knife, like I did, yesterday.

11 May 2023

Not

Fixed the chart to show the last AB=BC zig zag:

31 Tem 2023

Not

Target 1 achieved.