The counter has completed a sequence of bull (5-wave) and bear (3-wave) cycle.
We expect the counter to start off its next bull cycle from here.
However, the theory validates itself only if the prices move above the critical resistance of 109, which is a good long-term trade.
For the short-term, traders can buy the asset if the price moves above 108.350.
We expect the counter to start off its next bull cycle from here.
However, the theory validates itself only if the prices move above the critical resistance of 109, which is a good long-term trade.
For the short-term, traders can buy the asset if the price moves above 108.350.
Trade closed: target reached