CONFLUENCES
1. From the daily chart, an elliot wave from the yearly low, shows we might be finishing the pullback wave of the 2nd leg, going into the 3rd leg of the entire wave.
2. From the relative low, we also see a fibonacci retracement to .618 level
3. At the .618 level, we also have a major support zone at 0.62366. So a definite reaction is expected once price reaches that level.
1. From the daily chart, an elliot wave from the yearly low, shows we might be finishing the pullback wave of the 2nd leg, going into the 3rd leg of the entire wave.
2. From the relative low, we also see a fibonacci retracement to .618 level
3. At the .618 level, we also have a major support zone at 0.62366. So a definite reaction is expected once price reaches that level.