I'm longing @ approximately 9.71 with a long term target of at least 13.00 Tight stops.
Arguments:
1. Expanding diagonal identified (zoom out). 2. fib relations are respected in individual ABC waves. 3. 5th bearish Elliott wave withing wave C soon completed. (minor EW 1-5 as shown on chart) 4. Bullish divergence noted on the RSI charts 5. Volume and price action showing oversold status 6. MACD 4HR chart is showing promising signs of a reversal point approaching. 7. GAPS above need to get filled. (92% of all gaps in the markets get filled)
Comment
⋅
approaching target. refining target to approx 9.60