Elliot wave analysis suggests a correction ending around 28.25 or 26.20.
We need a short-term bullish retracement before continuing the downtrend towards our sell TP at 28.25.
If the price respects this area, a new uptrend is possible.
This is a long-term analysis.
We need a short-term bullish retracement before continuing the downtrend towards our sell TP at 28.25.
If the price respects this area, a new uptrend is possible.
This is a long-term analysis.
Trade active
Good analysis, keep it up.
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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.