We can see a possible Elliot Wave pattern as shown in the chart. The target is at the area of 157.27/156.27. A breakout of fobonacci levels (strong resistance level) however, would lead the price higher to 188.84 where is the beginning of wave 3.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.