It mana completes Wave (V) more and less 4.2 level we will have a EW bullish case confirmed. It will correct to 3.40 or even lower but we might have good possibilities to rebound and go for the next leg.
However if mana breakdown in wave (iv) and do not sustain over 3.4 (SMA 50 in 4 hours time frame) we might enter the bearish case that will take us at least to the previous low at 2.69.
This is only EW analysis. It's not financial advice.
However if mana breakdown in wave (iv) and do not sustain over 3.4 (SMA 50 in 4 hours time frame) we might enter the bearish case that will take us at least to the previous low at 2.69.
This is only EW analysis. It's not financial advice.
Trade closed: target reached:
Expecting correction between 3.60 and 3.40 before the next leg to 4.25