my elliotwave and price action analysis shows that the price are moving in channel.the price predicted to make a correction before heading up to complet the wave 5 in higher degree.
the price are in overbought condition and there are some rejection in the 240 resistance.wait for the price to end the consolidation at the area before making decision to go short.or simply wait for the price to end of its correction of wave 4.
the area where to look the reversal is 0.6250.if there are reversal on the area. the price will continue to go upward.
good luck!
the price are in overbought condition and there are some rejection in the 240 resistance.wait for the price to end the consolidation at the area before making decision to go short.or simply wait for the price to end of its correction of wave 4.
the area where to look the reversal is 0.6250.if there are reversal on the area. the price will continue to go upward.
good luck!
