1. Price candle break out MA 200 on 29 Mar '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 9 May '23 to 3 July '23 to shake out weak retailers. Price candles break out MA 200 again on 4 July '23.
3. GC (Golden Cross) MA 50 & MA 20 happen on 13 July '23 give another strong signal the price is build up the uptrend momentum and ready for bullish.
4. Price candle and MA 200+MA 50+MA 20 has aligned altogether give sign the price is ready for bullish.
5. Price candle has BO strong resistance (0.450-0.465) on 11 Aug 2023 and PB take place to setup a support area at the same price range. This the 1st EP.
6. Two propose EP stated in this WCT TA. 1st EP already happen. Right now, price candle move to next strong resistance. Price may PB to form a new support and this is a possible 2nd EP once the price candle BO and closed above CMT.
7. EW count analysis includes in this TA together with sub wave count. Target wave 3 is still far away. Lot of chances to entry this counter when price candle PB to MA 20/MA50.