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? ( 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: