As long as the price is above the 1.0981 range, we are looking at an uptrend that could have very high targets.
Given this wavefront scenario, we are currently in Wave 3 of Grade iii, Wave 2 of this Grade ending in 1.0992. Initial confirmation that the uptrend has begun is in the range of 1.10277, with the breakthrough in the range of 1.1172 which is the end of wave B, the uptrend is confirmed in wave 3.
If the price exceeds the range 1.0981:
Bypassing this range, the wave structure starting at 1.0879 and ending at 1.1238 is 3 waves. That scenario has a bullish correction scenario and we should be ready for the 1,000 targets.
Another thing to consider is MACD, which indicates a decline in sales
Given this wavefront scenario, we are currently in Wave 3 of Grade iii, Wave 2 of this Grade ending in 1.0992. Initial confirmation that the uptrend has begun is in the range of 1.10277, with the breakthrough in the range of 1.1172 which is the end of wave B, the uptrend is confirmed in wave 3.
If the price exceeds the range 1.0981:
Bypassing this range, the wave structure starting at 1.0879 and ending at 1.1238 is 3 waves. That scenario has a bullish correction scenario and we should be ready for the 1,000 targets.
Another thing to consider is MACD, which indicates a decline in sales