Elliot - ICT Analyses

28 авг.

The first Zigzag correction targeted 2540. The second correction was expanded, and we clearly see the BCD candle (Sell-side Liquidity) strike. The second possibility is a decline if we calculate wave C of the expanded correction as an impulse wave 1, followed by a correction of wave 2, then wave 3, which could drop to 2460. The reason is that the expanded pattern could act as both a continuation or a reversal signal simultaneously.