Short target: 7.35NOK
When: 2. May 2019
Why:
- Gann lines and the global support level crosses this point.
- Arc 4 is done, arc 5 is the next one.
- Wave 4 is done, wave 5 is the next one.
- The volume is descending currently (From when the wedge pattern started).
Forecast:
- It will rise quickly after beginning of May 2019 and break through the wedge (around end of November 2019)
- Next target then will be 8.45NOK
When: 2. May 2019
Why:
- Gann lines and the global support level crosses this point.
- Arc 4 is done, arc 5 is the next one.
- Wave 4 is done, wave 5 is the next one.
- The volume is descending currently (From when the wedge pattern started).
Forecast:
- It will rise quickly after beginning of May 2019 and break through the wedge (around end of November 2019)
- Next target then will be 8.45NOK
