Hi traders
her is my analysis for the biginin of the week
Before the price returns to a historical high the price might risk of doing a retracement to continue elliott wave visible in h4 (blue line) and because we broke the trend line (purple line). during the future retracement the price will pass by several resistence which will serve us as potential TP.
if...
waits for the price to be over the 12990 resistance and whe aiming the 13143 which is an important resistance.
if you like this analysis or dont tell me why in the comment section, thank you
