is in consolidation for couple of weeks. Price has reached to the bottom of the rising channel
. Current price area gets supported from the previous support zone
. From EW analysis, a clear ABC
correction waves have been done.
If price does not break the rising channel
, it will go up again to 1243 first then 1276. Break of the resistance trendline will confirm the rising. Just buy the break out with SL outside of the rising channel .
Notes: If it breaks out of the rising channel
, it will go down to 1183~1193 zone.
Good luck for everyone!