Dear Colleagues, I suppose that the price will still renew the high and continue the upward movement to the target of 100% Fibonacci extension level 151.320. This will be wave 3. And before that a correction of wave 2 to the area of 149.750 is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
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The price successfully tested the support area and started its upward movement! It will be halfway through very soon. I suppose a slight correction is possible, but overall I see an upward trend!
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Dear colleagues, the price updated the low and tested again the support area at 149.115. We see 3 consecutive Pin-Bar patterns, which reinforces the forecast. I consider only long positions.