Possible we have a running contracting triangle pattern in development.
Watch for a bounce or breakout of upper trendline.
So far sub waves confirm this possibility however we need two more waves to develope and confirm this pattern.
Watch for a bounce or breakout of upper trendline.
So far sub waves confirm this possibility however we need two more waves to develope and confirm this pattern.
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The daily trend line has been broken so watch price action when 43$ level reached.
This will be most important zone this year and either you can expect from that point true continuation of uptrend to about 61$ or big breakout and fall of price even to 26$.
This will be most important zone this year and either you can expect from that point true continuation of uptrend to about 61$ or big breakout and fall of price even to 26$.
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Again price stopped at uptrend trend line and I hope this time we will have a breakout to 43 - 44 where I expect the reversal.
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Structure develops in perfect triangle pattern !!
All main waves ABCDE dived in 3 sub waves with flat correction abc in all of them.
Do not miss this trade as it will be amazing if goes as expected.
All main waves ABCDE dived in 3 sub waves with flat correction abc in all of them.
Do not miss this trade as it will be amazing if goes as expected.