Analysing the weekly and monthly chart price is currently bouncing off the upward trendily with the "D" extension complete. Currently we have the 200EMA acting as magnetic support with bullish candlesticks
and oversold on the Stochastic
. As you could see the Harmonic pattern
has been completed with its downside targets being met. Our intraday target being 0.72340. When price breaks above downward trend line
our first target would be 0.73400. If price then continues and breaks and closes above the bigger downward trend line
then our target would be the upper "D" extension 0.75500.
However, if price breaks below 0.71550 then the long setup is no longer valid.