Since then it's been making what looks like 3 waves down within a formation ...with what also looks like and impulsive (3 of 3) wave down since the 5th of may 2014.
Is it working on the 4th? (Bear flag!!!) Looks like it!
The big Q is.
Is it a 4th wave with a 5th to come?
The low came in at 1.63 in dec. 2013. If price stays above 1.63 then bounce and make a lift off ..... TRX could very well be in it's 1st wave of 3.
This makes it a very candidate to invest in..
Fib extension levels comes in twice at 1.68. A bounce from here seems likely.
Fisher 34 has now positive divergens - making the lowest peak when at wave 3 low... (textbook right)
Visible Range: Bulls eager to defend the 1.80 area.
So levels to watch is:
Everything between 1.69 and 1.63
Safe trading ladies & gents!
Music at work: