The fourth wave correction before another increase in the fifth wave, which tends to extend sideways with a Triangle pattern. So the overall picture is a short-term correction before another increase.AAVE/ U.S. dollar(AAVEUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bearish Momentum.
Elliott Wave Analysis TradingLounge 4hr ChartAAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave (4)Direction Next higher Degrees: Wave I of ImpulseWave Cancel invalid Level: 81.238Details:: The Corrective of Wave (4) before the Increase in Wave (5)AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:
The fourth wave correction before another increase in the fifth wave, which tends to extend sideways with a Triangle pattern. So the overall picture is a short-term correction before another increase.AAVE/ U.S. dollar(AAVEUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bearish Momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
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