Price broke down the Sign2 and opens way to new lower lows: 1700 or even 1600.
The Elliot Wave pattern 1-2-3-4-5 expected.
Look for 1-2-3 waves prehistory in the Related idea.
The Elliot Wave pattern 1-2-3-4-5 expected.
Look for 1-2-3 waves prehistory in the Related idea.
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Above 2200, target 2400-2500
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Looks like the move up is stalling. Below 2200 and yellow trend line, turn to downside expected.
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When a new low is higher than fib 0,382 we'll see a new move up, potentially up to 2400. BUT. As you see, the trend little by little is turning down, to fib 0,618 retrace. The yellow EMA now became a resistance.
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Resistance is overcome. New resistance @ 2350 forward. And the new goal is probably 2500
