Something a bit different from the 5th wave pivot. This B wave pivot from the bottom range of a rising wedge may result in the formation of the top right shoulder of a head and shoulder pattern. Worth watching for two reasons. The b wave up and the c wave correction.
Raising wedge. Bearish
ABC elliot wave. Bearish
Head & Shoulder. Bearish
B wave target 129
C wave target 88
Raising wedge. Bearish
ABC elliot wave. Bearish
Head & Shoulder. Bearish
B wave target 129
C wave target 88