The channel support was broken but slightly but now prices are back into the channel so potential upward move within the channel is a possibility
We are wave C of Z in the daily correction channel
Within wave C, it seems like wave 3 of wave 1 of C is almost complete. I would wait for completion of wave 1 and then wave 2 and buy in wave 3 of C.
Buy Entry: 0.744 (above the estimated wave 4 of 1); this may change depending upon where wave 4 of 1 ends.
Alternative buy entry can be above wave b of wave 2 of C
Another aggressive alternative can be above wave 4 of wave c of wave 2.
TP2: 0.77 (just below 1.618 fibonachi extension level for wave 3)
TP3: 0.776 (just below 38.2% extension for wave 5)
The TP levels are based on the estimated end of wave 1 and retracement of 78.6% for wave 2. These may change depending upon the wave 1 and wave 2 end points
To be confirmed before entry:
Wave 2 has finished with a,b,c of 2 identified in 4 hrs or 1 hr chart. Identification of divergence b/w wave 3 & 5 of c of 2.
prices closing above
76,4,4 in 4 hours to be above 20