This asset reached a top at the price level 182.70 and then began a corrective decline to 50% of the entire rise.
Now we find a bullish wedge as the connecting link of a possible double corrective of the W-X-Y type. We will be watching the RSI whose range between 40 and 70 zone marks us bearish retracements and breaks if it clearly breaks zone 40.
At the moment my vision is bullish until confirmation bearish break of the wedge and after looking for two possible targets, the first on the projection his wegde and the second on the projection his mast.
Now we find a bullish wedge as the connecting link of a possible double corrective of the W-X-Y type. We will be watching the RSI whose range between 40 and 70 zone marks us bearish retracements and breaks if it clearly breaks zone 40.
At the moment my vision is bullish until confirmation bearish break of the wedge and after looking for two possible targets, the first on the projection his wegde and the second on the projection his mast.