Chart: 1 month timeframe, Logarithmic scale
Indicator: Stochastic
Analysis made based on Elliot Waves, on the monthly logarithmic scale:
Using some simple Fibonacci projections we can see two possible targets:
Indicator: Stochastic
Analysis made based on Elliot Waves, on the monthly logarithmic scale:
- One possible wave count suggest that we had wave 3 already and we are currently in wave 4
- If we are in wave 4, an ABC pattern is underway to be formed
Using some simple Fibonacci projections we can see two possible targets:
- Soon a reversal with wave C with a possible level of around 20K
- After wave 4 finishes, a possible wave 5 could be formed with the target of 100K