1)Price on the Monthly Trend line and previous support line which is 67.694(white line) 2)The price has fallen making a significant lower high(77.579). If we count Elliot from this point, the end of the 3rd wave may be at the lower support line. For this reason, some points may bounce from here to the above yellow trend line. There is bullish divergence in the...
1)Price turning sideways after a Up move. Maybe gives indication of 4th wave 2)If this will be the 4th wave then the final 5th is still pending my brother. 3)The three-year trendline that has been in place since 2021 seems to be breaking this time.
1. There is a fake breakout in the hourly time frame, perhaps the price may go lower. 2. According to the wave, the 2nd wave of the bear side has just ended. 3. There is opportunity for a bearish side by keeping stop loss at high of 2.3420.