Watching for evidences wave (iv) ended 1.44. Price bounced nice into the median line of the channel.
I will post intraday counts soon.
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I will post intraday counts soon.
Hit the like button if you like my analysis and follow me for future updates!
Good luck!
Note
Price action still favor a move to the downside aiming for next support zone formed by 0.5 fib retracement and equality between wave a and c.
Below 1.75 we allow to unfold wave v of c of (iv).
Also oscillators starts diverging and signal a possible shift to the upside soon.
Note
Watching for evidences wave (iv) ended 1.22 right into 0.5 fib retracement and equality between waves a and c.
Note
Above 1.10 and clearing mid line of decelerating channel we are looking to complete wave (v) of ((iii)) with possible target 1.618 fib extension aiming above 8 USD.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.