© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
The broader context suggests that the 4-red wave has concluded, and the 5-red wave may be poised to resume and push higher.
In the short term, the outlook indicates that the (i)-purple wave has recently completed, and the (ii)-purple wave unfolded as an Expanded Flat correction, which has just ended. Pushing prices above 65297.94 will refresh and reinforce confidence in this bullish outlook.
The broader context suggests that the 4-red wave has concluded, and the 5-red wave may be poised to resume and push higher.
In the short term, the outlook indicates that the (i)-purple wave has recently completed, and the (ii)-purple wave unfolded as an Expanded Flat correction, which has just ended. Pushing prices above 65297.94 will refresh and reinforce confidence in this bullish outlook.