Hi Traders...
We are almost at the end of the upward trend that started in late October
(Within wave 5 blue color)
Now the question is, is the upward trend over (wave 5 is over)?
Due to the fact that we are above the cloud and inside an ascending channel, and on the other hand, the two peaks that I specified in the chart have no observed divergence.
As a result, I think that after the price corrects to the bottom of the channel during wave 4, we can see the last rising wave from a lower level (green) to the range of 0.95.
We are almost at the end of the upward trend that started in late October
(Within wave 5 blue color)
Now the question is, is the upward trend over (wave 5 is over)?
Due to the fact that we are above the cloud and inside an ascending channel, and on the other hand, the two peaks that I specified in the chart have no observed divergence.
As a result, I think that after the price corrects to the bottom of the channel during wave 4, we can see the last rising wave from a lower level (green) to the range of 0.95.