Elliot Wave TA
Elliot Impulse wave was formed and completed on 10th May
Elliot Correction wave A,B has been completed
Elliot Correction wave C formation has begun
LTC has strong support on blue trend line, with minor support on the orange one.
Violet Arrows show possible price trend during its correction
Grey lines are key areas of resistance
On4hr timeframe - Formation of Head n Shoulder pattern taking place.
RSI - shows formation of lower highs, whereas Price is forming is higher highs
Elliot Impulse wave was formed and completed on 10th May
Elliot Correction wave A,B has been completed
Elliot Correction wave C formation has begun
LTC has strong support on blue trend line, with minor support on the orange one.
Violet Arrows show possible price trend during its correction
Grey lines are key areas of resistance
On4hr timeframe - Formation of Head n Shoulder pattern taking place.
RSI - shows formation of lower highs, whereas Price is forming is higher highs