Although the top of wave B got penetrated the possibility of wave (4) not yet in place is still valid – especially when looking at the RSI 35 and 5. I added the red count to show the possibility of …
Although wave (iv) did not develop as a diagonal – as presumed in my last update – prices found resistance in the area of the four of one lesser degree. If now black wave ((iii)) is in place, prices could …
Prices touched the blue rectangle area and I labeled the three waves move as an ABC. It is possible that wave (2) is in place now. But since in my last update I mentioned the possibility that wave (4) was …
Prices found resistance at the two trendlines (uptrendline from line chart) and at the MA 50 and MA 200, 100 and 50 are all three pointing down and are in the right downtrend order: 200, 100, 50. In RSI 14 …
We got the missing leg I was referring to in my last update. The red rectangle area marks the 38% of potential wave (iii). So prices could find resistance there. Looking at current price action I wouldn’t be surprised if …
Today I am showing the P&F chart of this market. I have observed the blue rectangle area marked on the chart for several weeks now. I am calling it the “magnet area” because it seems to attract prices again and …
Prices made another high and in this timeframe we see a divergence in the RSI 5. If this red count is correct, prices could target the blue rectangle area. It is also possible that wave (4) was not yet in …
Prices reached exactly the area of 38% of black (3). We can already count five waves up, so this could be wave one of (5). Sarah
Prices did reach the red rectangle area. Because it found resistance there again and again and because of the new lows I changed the count to (iii) still in progress. From current count there is a move to the downside …
Prices did go higher and from this chart it seems that the grey uptrend line from the linechart offered resistance (see circle). I also added two black horizontal lines – they are areas of support and resistance from the cloud. …