Possible long term wave pattern. If valid we seem to be in a ABC correction, and should expect a move up in price to point C. The first target zone would be last impulse wave 4's zone which goes up to around 62.5
Comment:
Lets see if fib 0.382 will hold as support for the bullish (cyan) trendline tomorrow.
Lets see if fib 0.382 will hold as support for the bullish (cyan) trendline tomorrow.
Comment:
Idea and wave count gains further support. Ready for a breakout of fib 0.618 on daily chart. Price might need to consolidate some first.