The price has hit a strong resistance of 260 days and the fifth wave of Elliott has been created. It is expected that the resistance will perform well and the price will enter the correction phase.
There was a complicated wxy formation in the B wave. As i said in my previous analysis I'm long in the short term.
Looking at Zynga, There is an ascending channel/triangle pattern, hourly chart. the top resistance line intersects with the next Fib extension after we retest the support line. Has been ascending in the same channel since retracement (completed on Jun 5th). Based on the chart pattern I am looking at a bounce to the .786 line, retest of support and then...
Petronet formed wolfe wave on 15 MIns TF, Target on chart
Seeing the same pattern playing out with PPC as with RDF and SOL. Bottom and then a 5 Wave rising channel. PPC also got good volumes on the Weekly timeframe. * Not Financial Advice.
If checking the data , looks like already at the C level, set up buy for the GBPAUD