The only problem with this setup is, the 4th wave already dived deeper than the 1st wave (blue line), however only with shadows, bodies are all above 1st wave.
The 1st and 2nd wave within 5th wave has already been build. It should travel at least to 1.618, with high probability to level 2 as this matches with the level above.
To me this is a valid Elliot Wave setup, a good opportunity with 5:1 profit/loss ratio.
The 1st and 2nd wave within 5th wave has already been build. It should travel at least to 1.618, with high probability to level 2 as this matches with the level above.
To me this is a valid Elliot Wave setup, a good opportunity with 5:1 profit/loss ratio.
