white parallel channel
price again making chart patter at the current bottom near 100% projection of wave at beginning of the channel,
until price breaks this white channel it is bearish .
on clear breakout of this channel we have blue horizontal resistance near 38% retracement
on short term upper yellow trend line of chart pattern and white trend line of channel is our resistance.
based on Elliott wave 100% projection of wave followed by our first yellow chart pattern has finished its first projection target. so our current chart pattern at the bottom with upside breakout will trigger trend reversal. as long as price trading blow upper white trend line it bearish and price will trader for its next 138% projection
price again making chart patter at the current bottom near 100% projection of wave at beginning of the channel,
until price breaks this white channel it is bearish .
on clear breakout of this channel we have blue horizontal resistance near 38% retracement
on short term upper yellow trend line of chart pattern and white trend line of channel is our resistance.
based on Elliott wave 100% projection of wave followed by our first yellow chart pattern has finished its first projection target. so our current chart pattern at the bottom with upside breakout will trigger trend reversal. as long as price trading blow upper white trend line it bearish and price will trader for its next 138% projection