jmnavarro

jmnavarro

I think the botton was the 0.462€ and we are ending the corrective wave 4. We had a wave 1 of 180 pibs, a deep correction (>0.618) following a wave 3 that reach the 1.618 fibo extension and now the wave 4 has reached more than 0.382. So, I think the price is going to looking for new highs in the next wave 5. My price target are the 0.850€ with a SL in...

jmnavarro

After the bull run started the october 24, we are in a correction zone waiting for some good news that boots the price to higher levels. Let's take a look to the chart with the help of Ichimoku Cloud and Elliot Wave count to locate the important support-resistant levels and signals. Now, we are waiting for the bull break out of the falling trend lines for several...

jmnavarro

We have a clear double zigzag drawn on the chart. In a zigzag, wave A usually travels the same distance as wave C, so we have 2 targets: final of the wave C (7461 USD) and final of the wave Y (7019.8 USD). Also we have the 50% fibo retracement at 7420 USD aprox. and 61.8% at 6320 USD aprox. This convergence of targets in the zone 7000-7500 USD makes me think the...