Elliott wave count

11 באפר׳ 2019

This is a 3 wave count from August '18, As you can see on the MACD, we have regular divergence (price is making higher highs, MACD making lower highs) at the end of the C wave of the expanding flat, I will be waiting for a break of the orange trend line for confirmation of the trend reversal before taking a short position, please apply your own rules to your trading and have a great day!