Within a bull flag, currently a three wave move from the local low (c/2). I am looking for this to continue up, so long as price doesn't intersect with wave i at 1.6363. Alt is a slightly deeper correction, but for now immediately bullish.
Note
The longer term move shows a low, from which a bullish impulse has formed as shown above. Whether the long-term picture is ABC or the high was a truncation, a bullish move is due here.Note
starting to look too time-consuming for wave iv. Any break of 1.6363 will see a further 3 wave correction to 1.62. Overall remains bullish into next week.
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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.