Price is in a corrective structure (descending channel) having already formed a five wave wxyxz pattern. If price breaks the upper trendline of the channel we should see a big move up.
Stoploss and profit targets as shown at the chart.
Hello (again) John.
Have been following this harmonically for a while now...waiting...bit like the Euro's...learned from them not to wait, because reversal can be quite violent yesterday ! So had put a fib-level order in not expecting it to be hit for a while.
Lo and behold.......lift-off.
As before. Thank you for providing the convincing counter-presentation. Hopefully a position from which to build.
Have been following this harmonically for a while now...waiting...bit like the Euro's...learned from them not to wait, because reversal can be quite violent yesterday ! So had put a fib-level order in not expecting it to be hit for a while.
Lo and behold.......lift-off.
As before. Thank you for providing the convincing counter-presentation. Hopefully a position from which to build.
rgds
Chris