This is probably the bit weird one but here it goes.
Case 1: KAS looks to be in the timing bad of where a low is put in and in case we are there then I would target the 0.4-0.5 area for the next top.
Case 2: If however price decides to do go deeper for a 50% or 70% retrace then I would lower the next ATH target to about 0.2 area.
Looking at the history we have with KAS I'd say that first scenario is more probable than the second.
Case 1: KAS looks to be in the timing bad of where a low is put in and in case we are there then I would target the 0.4-0.5 area for the next top.
Case 2: If however price decides to do go deeper for a 50% or 70% retrace then I would lower the next ATH target to about 0.2 area.
Looking at the history we have with KAS I'd say that first scenario is more probable than the second.
Bình luận:
Kas is well on the route for scenario #1 as it did not put in a correction deeper than 50%. First area of interest is 0.2-0.26, but chances are it goes past that.