Long
US 100
In the previous chart I mentioned that the further course depends on whether the price breaks the resistance @12221 or not and today it was broken to the upside, so here is a new perspective.
There are 2 variants of bullish development:
1. Waves 1-5 = red dashed path,
2. ABC = blue path.
In both cases the target should be 50% Fib@13602 (up to 13651).
Alternative:
The price falls below 12062.4 and stays below it, then the previous chart applies.
There are 2 variants of bullish development:
1. Waves 1-5 = red dashed path,
2. ABC = blue path.
In both cases the target should be 50% Fib@13602 (up to 13651).
Alternative:
The price falls below 12062.4 and stays below it, then the previous chart applies.
Note
12062.4 reached!
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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.