Rico Auto after last results shown good correction, which was a chance to accumulate at lower level. todays candle shows strength is building up and stock is moving ahead to fill the gap ahead. Stock can fill gap and make 100+ and above that 110 and 120. Trendline support can be seen on weekly chart as well.
I see great support with the notable volume on the 200/233EMA area. Price will probably continue on the bullish trend despite Bill Hwang's actions. My EP is $45.
Long term target for Euraud 1.52500 Quarter Point lining up with 38.2 TP1 A to D
Short bias - Yellow Boxes are entry points once break/retest - Bearish Shark 1.13/1.13 - IF DAILY CLOSES ABOVE .745 Pattern is invalid/88.6 retrace was correction before continuation - MULTIPLE SCENARIOS ALWAYS WAIT FOR BREAK OF STRUCTURE/RETEST
QP = Quarter Point AUDUSD Gartley - ABA expansion 1.272 - D 78.6 ABCD projection 0.7000 Major Quarter Point acting as Psychological barrier/Support
Large Gartley Pattern setting up with Confluence plus an ABCD pattern and Quarter Point IG: @ RICO FOREX
Eurogbp - Waiting to see whether 0.7760 gets broken IG : @RicoForex