This is SND Waves not Elliot Wave. I think price might go up to 4000 from support 34197, - but attention is required for the leg (iv)' especially its swing Low.
The demand support line might hold the uptrend but caution needs given to the (vi)' Area.
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Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
The demand support line might hold the uptrend but caution needs given to the (vi)' Area.
.
Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
Comment:
The volatility with this pair is interesting by scale. The mapping is okay but according to price-movement exaggerated.
Trade closed: target reached