Hi Guys,
Just a humble analysis of mine. Price are now have complete the 3 Correction Wave on Impulse Wave 4.
The previous double top is the resistance level for fibonacci ext 2.618.
From what i see, price already on the bullish trend to complete wave 5 at 1837 (fibonacci ext 3.618 area).
However if price failed to break 1735 area. It might make another correction wave before continue the journey to 1837-1840.
This theory will be invalid if the price break 1665.
Please share your idea and comment on my theory below.
THANK YOU for your support.
Just a humble analysis of mine. Price are now have complete the 3 Correction Wave on Impulse Wave 4.
The previous double top is the resistance level for fibonacci ext 2.618.
From what i see, price already on the bullish trend to complete wave 5 at 1837 (fibonacci ext 3.618 area).
However if price failed to break 1735 area. It might make another correction wave before continue the journey to 1837-1840.
This theory will be invalid if the price break 1665.
Please share your idea and comment on my theory below.
THANK YOU for your support.