As expected, the retrace came almost right down to the 78.6% point - in fact it actually obeyed the previous first wave horizontal resistance (now support), staying within the rules of Elliott Wave engagement by not crossing waves 1 and 4 over.
The retrace channel resistance broke on the last candle shown and indicators are all positive, so looking like the final impulse wave should also go according to plan in the next couple of days. Minimum trade target updated & shown on chart.
The retrace channel resistance broke on the last candle shown and indicators are all positive, so looking like the final impulse wave should also go according to plan in the next couple of days. Minimum trade target updated & shown on chart.
