We've just hit new ATH like I was forecasting in previous analysis. I think in short term there will be no more significant grow. Time for stronger pullback.
On the chart we can see that 11.01 - 18.01 wave is equal to 22.01 - today wave. I am expecting short sellout also equal to 18.01 - 22.01 retracement. Target is 0,55-0,60 area.
After that we can go for 0,88 and $1.
On the chart we can see that 11.01 - 18.01 wave is equal to 22.01 - today wave. I am expecting short sellout also equal to 18.01 - 22.01 retracement. Target is 0,55-0,60 area.
After that we can go for 0,88 and $1.
Comment:
Chart updated:
/x/oWftzG54/
/x/oWftzG54/
And I agree with others, market is strongly overbought.