another historical move. i will expect price to move beyond the historical high. so please stay tune and enjoy the ride.
i also want to be part of this historical move. on the daily chart we saw price reached the fibo level. Forming a traditional corrective wave pattern with decreasing momentum making new low. i will say a reverse is on the way.
we shall see if price to break the trendline for a major correction to box area.
a break in the trend-line will bring price for a major correction into the blue box area.
base on chart pattern, this is a possible move. however not yet a buy call yet as im waiting for certain pattern to form inside the blue box :)
i will always look for a buy setup when the structure of B is complete.
this is a long term chart. 1) a clear cup and handle 2) wave pattern suggest the correction of ABC is not yet completed. once completed price will go sky rocket.