We got a 5 waves rise followed now by a 3 waves correction.
This means we should go higher here as long as the 78.6% retracement level holds.
I suspect this rise to be only temporary though with resistance around 11.200.
This means we should go higher here as long as the 78.6% retracement level holds.
I suspect this rise to be only temporary though with resistance around 11.200.
Comment:
We're going for 11k now it seems
Comment:
We got a sharp rise higher followed by a choppy correction which was unable to close below the 78.6% retracement level,this is a first encouraging sign for bulls.
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