To continue on from the wyckoff accumaltion posts I have shared, I now believe the "Phase E" of the wyckoff schematic is in full swing and the new trend has begun.
As you can see on my chart there is a new upwards channel being formed consisting of higher highs and higher lows, so I think this is a sign that the trend has now changed and I have marked up my elliot wave forecasts using a fibonacci extension.
As you can see we are in to the 3rd subwave which will consist of 5 waves up, so we will soon have a correction down to give opportunity to buy.
Any questions, feel free to ask in the comments below.
Full view of chart in comments too.
Happy trading and be sure to manage your risks.
GDuB
As you can see on my chart there is a new upwards channel being formed consisting of higher highs and higher lows, so I think this is a sign that the trend has now changed and I have marked up my elliot wave forecasts using a fibonacci extension.
As you can see we are in to the 3rd subwave which will consist of 5 waves up, so we will soon have a correction down to give opportunity to buy.
Any questions, feel free to ask in the comments below.
Full view of chart in comments too.
Happy trading and be sure to manage your risks.
GDuB
