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SUI - Flat Correction for Wave 4
SUI / TetherUS
Short
SUI - Flat Correction for Wave 4
By Stoic-Trader
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Sep 24, 2023
2
Sep 24, 2023
The downtrend should continue for a retest of 0.4185 low (yellow line). Key arguments:
There is no RSI divergence on Sept. 11th low.
There is a valid impulsive count for the downtrend (wave 4 respecting wave 1 -> purple line)
Conditions are in place to consider a flat correction is finished (green abc).
Chart Patterns
Elliott Wave
Trend Analysis
Stoic-Trader
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