1W
Price at leg 4 of Elliot Wave, with price testing Resistance zone, Price is at the .50 fib zone as well.
Expecting price to complete leg 5 of the Elliot wave
D1
Head and Shoulders detected with price re-testing the neck line.
H1
Potential AB=CD pattern detected with C leg right at the resistance zone. With a
divergence wherein price has formed lower lows while the RSI formed higher highs.
All indications point to the resumption of the downtrend
Price at leg 4 of Elliot Wave, with price testing Resistance zone, Price is at the .50 fib zone as well.
Expecting price to complete leg 5 of the Elliot wave
D1
Head and Shoulders detected with price re-testing the neck line.
H1
Potential AB=CD pattern detected with C leg right at the resistance zone. With a
divergence wherein price has formed lower lows while the RSI formed higher highs.
All indications point to the resumption of the downtrend
