Looking at this oscilliator .......which I wouldn't be........when you return to zero line it it lingers around there .....that would mean it's a wave 4 so down before the steeper retracement.....
I would also look at the time of wave 1 and see if the whole pattern would finish within the timeframe I am expecting.....
I know the bottom is 2014-2016 .......Meaning your few days of wave 1 are part of a bigger wave 1..........
I've always felt that this was the turmoil of ELLIOTT
I would also look at the time of wave 1 and see if the whole pattern would finish within the timeframe I am expecting.....
I know the bottom is 2014-2016 .......Meaning your few days of wave 1 are part of a bigger wave 1..........
I've always felt that this was the turmoil of ELLIOTT
DislikedIMHO RSI of 21 is more for trends then EW- works ok on a 30m chart for trends-and large divergences.Ignored