there are 2 main reasons
1- the Elliott waves shows the end of B wave.
2- the strong resistant point (the green line)
after the end of B wave the C wave will continue to Fibonacci lines (the red lines)
1- the Elliott waves shows the end of B wave.
2- the strong resistant point (the green line)
after the end of B wave the C wave will continue to Fibonacci lines (the red lines)