According to Elliott's analysis, the first 5 descending waves from 4400 to 1400 have ended.We are in a correction wave that has ended with a 261% ascent of wave 1 in wave A and a 61% Fibonacci zone.And we have entered wave 4 of the wave A that 2760 to 2680 can be a good point to open the buy position.For wave 5 of wave A and beyond in my opinion this wave can correct up to the range of 2000 or 2700.so that we can have a 78% ascent to the 3600 range.
We are completing the Gartley pattern to continue the down trend.In my opinion, up to 1,000 $ can be the best buying range for the long term.
We are completing the Gartley pattern to continue the down trend.In my opinion, up to 1,000 $ can be the best buying range for the long term.
