- Month TF:we are currently in Cycle wave C - expect price to with TP as 5.74, 6.84, and 7.56 respectively.
- Date TF: Within the Cycle Wave C, we are in an Intermediate Wave (4) of Primary Wave. Hence, we can expect a minor retracement to around 2.90 to 3.16 area. A good opportunity to enter would be at the end of Intermediate Wave(4).
- Date TF: Within the Cycle Wave C, we are in an Intermediate Wave (4) of Primary Wave. Hence, we can expect a minor retracement to around 2.90 to 3.16 area. A good opportunity to enter would be at the end of Intermediate Wave(4).
Comment:
Price hit the support level as initially expected. As of now I can see a double bottom bottom pattern, I am quite optimistic that we are in the right path. Double bottom pattern has a success probability of around 78%.