Two bullish scenarios based on previous price action. More probable red, and less probable blue. We are in oversold areas on daily RSI, on weekly JSW currently struggles with 200 W EMA - that is a really strong resistance. Once that is broken with confirmation I am switching from bear to bull. For now neutral post as situation is yet unclear.
w szarym kupuj w czerwonym sprzedaj
I was expecting more extensive rally up but present one meets requirements for 5th wave. From this point of view, untill the price overlaps last ATH I am trading as red line follows. Interestingly if the wavecount is entirely correct we are about to experience a general corrective movement since the march 20'. In that case we are on the a few months gradual...
JSW shall drop to 14,5-15 PLN and get another major rebound.
Further updates upon more significant development. For now instrument on a watch list.