I have marked the major support(red) and resistance (blue) zones on the chart.
I have also allocated an emerging trend with two repeating cycles following an ABCDE pattern.
However, for a third possible cycle (D to E), I'm waiting on confirmation for the price movement to break the chart's first primary resistance.
Until then, my consensus is neutral.
Tell me what u guys think?
I have also allocated an emerging trend with two repeating cycles following an ABCDE pattern.
However, for a third possible cycle (D to E), I'm waiting on confirmation for the price movement to break the chart's first primary resistance.
Until then, my consensus is neutral.
Tell me what u guys think?
Comment:
this has failed as it has broken the first support level