usdtry elliottwave perspective view
Alternative 1) If it sees around 6.50 (green area) and turns up and is permanent on the red line (above 7.30), the rise started.
Alternative 2) If it falls below the green area, it sees around 6.00 (pink area), the rise begins. 7.30 is also important in this. 7.30 must be exceeded for real rise.
Alternative 3) Cannot hold in the...
Alternative 1) If it sees around 7.10 (green area) and turns up and remains on the red line (7.90), the rise started.
Alternative 2) If it drops below 7.00, it starts to see around 6.50 (pink area) and rise. Red resistance is also important in this. Red must be crossed for real rise.
Alternative 3) It cannot fall in the 1st pink area and falls to around 5.00 (2nd...
AKENR Elliott Macro 2020.05.09 Weekly LOG Chart
1) I see 0.64 inevitable unless the yellow 1.09 level is exceeded.
2) If 1.09 level is exceeded, we see red resistance. If red resistance is exceeded, blue 1.95 level can be expected.
3) Green closes under 0.64 means 0.34
Migros managed to stay on the red resistance and the red resistance turned into support.
TP1: Unless it falls below the red support line, the pink area can be targeted.
SL: Red support line under-closings STOP