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Archive by author: Alessio BarrettaReturn
March 2023
Elliott Wave charts by Alessio Barretta 4 Hour - Here the three wave move to the upside appears clearer. Looking for sideway continuation as long as we stay above the 200EMA to then resume higher. Daily - Looking for an overall long term correction to take place as we could be correcting the entire upmove from 2008.Looking for another leg higher before potential downside resumption.
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Elliott Wave charts by Alessio Barretta 4 Hour - The initial move higher into wave (iv) appear to be a three wave move which gives us confirmation we are in a corrective structure. Looking for a sideways movement to confirm the count, without breaking the red line. Daily - the overall count has not changed since the last update. We are still looking for further downside into wave (v). the alternate would be a three wave move to the upside to then resume lower.
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Elliott Wave charts by Alessio Barretta 4 Hour - Here an alternate to the other bullish count. A potential triangle in wave {iv} to immediately resume higher. Daily - Moving as expected, looking for further upside into wave {v}. We could be due another leg lower into wave (c) to then resume higher.
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Elliott Wave charts by Alessio Barretta 4 Hour - We can see how we reacted off the 38.2% of wave {iii} which is typical for a wave {iv} as well as it found support near the wave (iv) of one lesser degree. Daily - Looking for resumption of the uptrend in wave {v} as we can identify a three wave move into wave {iv}. Alternatively we could be in a wave 4 if wave A was wave 1 instead.
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