Price is moving inside an ascending channel.
The entire up move ABC wave is Primary wave W, price got rejected at the top of the channel.
The pullback can be any waveform reaching the bottom of the channel near 265 level, will be wave X.
Then the up move reaching somewhere around 405 level, will be wave Y.
A nice 50% swing potential if bought near 265 level for a target of 405+ in 2-3 months.
Do your own due diligence before taking any action.
Peace!!
The entire up move ABC wave is Primary wave W, price got rejected at the top of the channel.
The pullback can be any waveform reaching the bottom of the channel near 265 level, will be wave X.
Then the up move reaching somewhere around 405 level, will be wave Y.
A nice 50% swing potential if bought near 265 level for a target of 405+ in 2-3 months.
Do your own due diligence before taking any action.
Peace!!