If the resistance line holds, then we shall look for e-wave or push higher after e-wave completes or going beyond resistance line- either ways we will carry the bullish view ahead.
In b-red wave triangle - UCAD completed internal d-leg@1. 3215 -likely upper trendline should hold the current rally- if this holds, then we will see an e - wave which travels 61.8% at 1.3076 or likely it gets the support of a-c trendline or maximum till c-wave low@ 1.3048-which is key level- if triangle scenario is correct
Post Traingle Scenario -we will have thrust upside- That is the wave which I am eager to see.
Can help with the spikes - weaker guys always lose their stop or stronger guys eat stops of weaker guys.
Earlier of UC was 1.3219 - it pushed up slightly up making a new firstname.lastname@example.org -to take weaker stops- prices getting rejected on higher side -itself was indicative that it does not want to travel more on upside- shall fall & it started.
Typo Error - "Can't Help with Spikes"
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ