As you can see on the 15m chart below, there’s a downward five-wave price movement, which is supposed to be wave 1. The 200 Smoothed Moving Average has acted as resistance last week so we’re likely going to have the rest wave ((v)) of 1 in the short term.
Get 30 Days FREE Trial
Professionally done-for-you daily Elliott Wave analysis.
Instant access - no credit card required