We have pulled back significantly from the high at 0.44 from, the accelerated move up, and currently flirting fib the 50% retracement at around0.26.
A Break and hold above 0.31 would signify a larger timeframe up move and much higher prices.
If we break below 0.20 this would nullify the pattern.
from an Elliott wave perspective, the bullish scenario is that this retracement is wave 2 and the wave 3 up move would be significant.
A Break and hold above 0.31 would signify a larger timeframe up move and much higher prices.
If we break below 0.20 this would nullify the pattern.
from an Elliott wave perspective, the bullish scenario is that this retracement is wave 2 and the wave 3 up move would be significant.
