7 Swings WXY correction
$XLI 1H Elliott Wave Chart 4.22.2024:
Here is the 1H Elliott Wave count from 4.22.2024. We expected the pullback to find buyers at the blue box area at 120.36 – 117.64 in 7 swings.
$XLI 1H Elliott Wave Chart 4.24.2024:
Here is the 1H update from 4.24.2024 showing the bounce taking place as expected. The ETF has reacted higher from the blue box area allowing longs to get risk free before the next leg takes place. The ETF is expected to remain supported with a target area towards $128 – 130 before another pullback can happen.
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