As a update to earlier chart, a new fork is in formation. And without a shadow of doubt
the baseline is precisely defined, as resistance, now having crossed the ML into the lower portion as support.
It is not yet absolutely certain but given the behaviour of the upper projected line backward the best contender currently for point C is as shown @ 98.38
(A note of caution there could be other interpretations but currently I find this by far the most likely).
So breaking below the lower edge of it's current fork (lower bright red off point A) spike down to 98.4 then back up to the ML @ 100.2.
(This could be quite rapid).
(Then I think this appears to be a potential 1.00 to 1.00 in terms of opposite parallels so heading up off to 102.4? but we shall see, innit.)
Firstly let's get the bounce to the tick.
the baseline is precisely defined, as resistance, now having crossed the ML into the lower portion as support.
It is not yet absolutely certain but given the behaviour of the upper projected line backward the best contender currently for point C is as shown @ 98.38
(A note of caution there could be other interpretations but currently I find this by far the most likely).
So breaking below the lower edge of it's current fork (lower bright red off point A) spike down to 98.4 then back up to the ML @ 100.2.
(This could be quite rapid).
(Then I think this appears to be a potential 1.00 to 1.00 in terms of opposite parallels so heading up off to 102.4? but we shall see, innit.)
Firstly let's get the bounce to the tick.