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from EWP it is evident in bearish trend wave c is unfolding.
Atualizado
from EWP it is evident in bearish trend wave c is unfolding. With in wave c smaller wave 1 and wave 2 are completed now wave 3 is unfolding , in medium term with momentum could drop price towards 210 then 185 levels ,
Also Upper boundary line of parallel channel is testing if it fails to break above the upper boundary channel it is bearish in trend if not this analysis is invalid.
Also Upper boundary line of parallel channel is testing if it fails to break above the upper boundary channel it is bearish in trend if not this analysis is invalid.
Trade ativo
from high of 298 to low of 190 is counted as wave A of 5-3-5,from low of 190 to 230/231 is counted as wave b as Triangle of a-b-c-d-e
Now wave e of a triangle is completed once the break below the triangle price could drop further to 190/175 ,
if triangle breaks above the UB line, one could expect wave c (minor degree) of wave B price could go up to 255/270
Trade ativo
First Target of 210 reached yesterdaystill price in predicted direction towards 185
Aviso legal
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