Possibility of Elliott Wave (12345) completion

13 Jun 2019

4hr TMFRM
-Up Trend
-Bounced on PP: 1.33206
-Bounce on Bullish Trend-line

1hr TMFRM
-Bounced on Bullish Trend-line
-Bounced on Fib 0.618
-Incomplete Elliott Wave (12345)

Notes
*According to the Elliott Wave(12345) principle, if the first wave and the third wave is of the equal length then the fifth wave is a surge
-We are expecting the price to push up if it passes the first resistance zone
-Price might go to Medium Wave completion which is the Resistance zone with Fib Ext 1.618
-If price passes Medium Wave completion theres a possibility that wave can be complete at the Strong Wave completion Zone as theres confluence on that Resistance Zone

14 Jun 2019

Trade aktif

-First Target Reach
-Medium Wave Completion Broken
-Price towards Strong Wave Completion before it can correct

14 Jun 2019

Trading ditutup: target tercapai

-Second Target Reached
-Strong Wave Completion reached
-Elliott Wave (12345) completed
-possible ABC wave correction