My Elliotical Approach to US30 Short.

9 בינו׳ 2023

On the daily TF, I see a complex correction in the form of WXY. According to guidelines, the expected target of a C wave is 161.8% of A wave of an expanded flat. The same expanded flat is expected in the Y wave. That sets the target of C wave at 25500 which also happens to be 61.8% of the prior bull wave. We do still have to wait for confirmation of the wave 2 of C wave. Happy trading!