CRO - Long Term Bullish Ahead
CRO is on a Bull run after completing correction. As shown, it's completed Wave 1 and now in process of retracement for Wave 2 which should finish at Fib 61.8% level highlighted as Potential Entry Zone.
We need to be mindful of strong dollar and end of year profit taking as the Wave 3 may take time to load. Break below the entry zone may void this analysis so please be watchful.
The "Risk !" label indicates zones where price reversal is possible. The higher the risk level (e.g., Risk !!!), the greater the likelihood of a potential reversal.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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