According to LUX ALGO Echo forecast, a 5 point Elliot wave is in formation.
ABC correction wave and then we should see the upward continuation.
Expect an ascend to the 1.00 range. Watch out for pull backs and keep the levels on the chart as key price levels. As always, due diligence is a most. This is not financial advise.
Daily chart. Price has failed to rebound on every Fibonacci trace. Wonder if the drop will continue?
Stock was sold for many days in a row. VWAP trajectory is showing near 13. Price just went above Fibonnaci 0.236 with potential to the upside. Daily MACD crossed, price wants to look up!
Price has indicated a strong support and resistance at the indicated level. A break above this line may set up a nice long position. Let me know your thoughts and share your ideas. Thank you!
After a nice period of consolidation, we may have a long window where this pair could reach higher levels. Interesting to see how it turns out. Happy Trading!!