Solara Active Pharma:
After the CEO of Solara resigned 1.5 years ago, the Company shares faced a major crash - retracing near 100% on Fib scale. A large Pyramid like structure was formed eventually
Over the past few months - the price has started to strengthen the base taking support near the 290-300 zone which is one the Strongest support for the script
A...
Back in November 2017 I posted the idea titled "USDJPY. Possible wave count. SeeSaw" (see related).
The price was shaping the junction of wave B of ABC correction, which still emerges in this pair.
Last update was done this February where I showed the possible area of wave B completion around 104.25.
The price reached 104.60 area and reversed.
I post this update...
This is one of the ways how the current correction within the wave X of WXY could unfold.
It is a contracting triangle. After completion we could see another wave down, which is Y.
I highlighted the target area with an orange box, this is where Y is equal to W.
It perfectly fits with the Fibonacci retracement area between 78.6% and 88.6%.
