1M chart
New trend is identified after correction and is marked with a vertical line.
1W chart analysis is focused on new trend.
Price action is trading through Impulse wave 3 targeting 81.5
1D chart analysis is focused on Wave 3-Impulse and after the 1W vertical line
Impulse wave-3 of 1W chart is under Wave-4 correction in 1D chart.
Wave 4 targets 38.4 to 50% Fib retracement zone which marks at the previous resistance zone between 74.48-73.87
1H chart analysis is focused on 1D Wave 4-Correction
Correction wave C is in progress which targets 73.6 however it might bounce up at 74.48-73.87
1D Wave 4-Correction might end at 73.6 on the worst case and the price is expected to resume its uptrend to form 1D Wave-5 which can target 78.0 is equivalent to 1D Wave 1-Impulse move range
New trend is identified after correction and is marked with a vertical line.
1W chart analysis is focused on new trend.
Price action is trading through Impulse wave 3 targeting 81.5
1D chart analysis is focused on Wave 3-Impulse and after the 1W vertical line
Impulse wave-3 of 1W chart is under Wave-4 correction in 1D chart.
Wave 4 targets 38.4 to 50% Fib retracement zone which marks at the previous resistance zone between 74.48-73.87
1H chart analysis is focused on 1D Wave 4-Correction
Correction wave C is in progress which targets 73.6 however it might bounce up at 74.48-73.87
1D Wave 4-Correction might end at 73.6 on the worst case and the price is expected to resume its uptrend to form 1D Wave-5 which can target 78.0 is equivalent to 1D Wave 1-Impulse move range
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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.
Related publications
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.