The price action that was trading in a downward trendline has now finally breaks out from the downward trending line, indicating high buying pressure and bullishness.
Target: 197-200
Stoploss: 175
As per my analysis, I believe Wave 1 cycle (containing 5 impulse waves and 3 corrections waves, total 8 Waves) has completed and the buyers have moved in to take prices further up for a new wave.
It will be a Wave 3 impulse extension.
I believe it is a good time to get long in this one for all day traders, swing traders and investors.
Initial RISK/Reward =...
