If counting is correct, 9 waves in Weekly has been formed since 24th Feb then bearish trend has started.
The February bottom(1.3778) is A,
The March Top (1.4005) is B,
The March bottom(1.367) is C/1
Fib61.8(1.4005-1.367) is the strong resistance zone, which would make 2.
The price would form bearish12345 from B.
If The Fib 61.8 should be broken, it would be difficult to keep short.
At least B(1.4005) mustn't be broken to keep short.
Fib 38.2(W6 and W9) awaits around 1.3645. The price might want to reach it.
If W9 is 3 in monthly chart, M4 would hit from Fib38.2-61.8 or less.
I don't know yet as of now.
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The February bottom(1.3778) is A,
The March Top (1.4005) is B,
The March bottom(1.367) is C/1
Fib61.8(1.4005-1.367) is the strong resistance zone, which would make 2.
The price would form bearish12345 from B.
If The Fib 61.8 should be broken, it would be difficult to keep short.
At least B(1.4005) mustn't be broken to keep short.
Fib 38.2(W6 and W9) awaits around 1.3645. The price might want to reach it.
If W9 is 3 in monthly chart, M4 would hit from Fib38.2-61.8 or less.
I don't know yet as of now.
PLEASE DO NOT FORGET TO LIKE👍🏻 AND FOLLOW ME! THANK YOU 🎉
HAVE A NICE WEEKEND AND HAPPY EASTER!! 🥚
