On the daily chart, the third wave of the higher level (3) develops, within which the wave 5 of (3) forms. Now, the third wave of the lower level iii of 5 is developing, within which the wave (iii) of v is forming. If the assumption is correct, the asset will grow to the area of 200.00–215.00. In this scenario, critical stop loss level is 173.60.
Main scenario
Long positions will become relevant above the level of 173.60 with the targets at 200.00–215.00. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 173.60 will let the asset go down to the area of 150.50–129.85.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.