After having moved of the in 5 waves up from 2012 low, we now seems to have abc correction which could well be complete. In this chart I note that the Volume also seems to be supporting potential bottom is in and we are in very early stage of new uptrend which AB=CD measured move could project the price to around 0.94 area, www.screencast.com/t/vidpBjXVyHGX .
It want get there in straight line as we all know, but could be very profitable with relatively small risk. Could drop down to smaller time frame to ensure the risk is manageable on pull back. on a very longer term I think we are potentially in Final leg of ABCDE rising wedge which could be an ending diagonal but will get more price action to help use see the likely outcome. For now Bullish bias appears to be the right one.
It want get there in straight line as we all know, but could be very profitable with relatively small risk. Could drop down to smaller time frame to ensure the risk is manageable on pull back. on a very longer term I think we are potentially in Final leg of ABCDE rising wedge which could be an ending diagonal but will get more price action to help use see the likely outcome. For now Bullish bias appears to be the right one.