Signals Change view do Not

٢٤ يناير ٢٠٢٢

The hourly Rohits momentum indicator gave abuy signal that failed and flipped back to sell, which allows for risk management by traders but that does not change the Elliott Wave view that we are in wave II. That requires deeper thinking and observations. The only alternate is wave 5 was truncated and the recent top ended an 18-month bull phase. Time will tell which is right.