Analysis based on Elliott wave principle
Long opportunity spotted after the A-B-C zigzag correction.
If this count correct then expect further upside movement which is wave 3 impulse. I highly expect price to reverse soon indicated by blue support line that coincides the 0.786 fibonacci retracement level and also RSI indicator shows a bullish divergence.
Two option to enter, aggressive and conservative, depends on personal risk profile. The conservative entry waits for the price to confirm that the correction was ended (indicated by moving above wave 4 high).
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Long opportunity spotted after the A-B-C zigzag correction.
If this count correct then expect further upside movement which is wave 3 impulse. I highly expect price to reverse soon indicated by blue support line that coincides the 0.786 fibonacci retracement level and also RSI indicator shows a bullish divergence.
Two option to enter, aggressive and conservative, depends on personal risk profile. The conservative entry waits for the price to confirm that the correction was ended (indicated by moving above wave 4 high).
Please like and share this analysis if you found it helpful.