Here is an alternative to my previous chart.
In this case I assume that the red wave 5 will end next week and the blue A) has reached its full extent.
The price mark at 67.69 represents resistance and it will be difficult to rise above it immediately.
Should this succeed contrary to expectations, then 69.53 ($ 70) would be the next stop.
In this case I assume that the red wave 5 will end next week and the blue A) has reached its full extent.
The price mark at 67.69 represents resistance and it will be difficult to rise above it immediately.
Should this succeed contrary to expectations, then 69.53 ($ 70) would be the next stop.
Comment:
BIG PIC
Comment:
I think the journey has started.
In addition to the variant above, here is another option.
TP1 & TP 2 = yellow circles.
In addition to the variant above, here is another option.
TP1 & TP 2 = yellow circles.
Comment:
And still the third possibility:
Comment:
So far the course is running as shown in the main chart.
As long as it stays that way, I'll let this scenario apply.
As long as it stays that way, I'll let this scenario apply.