Currently, the price seems to be forming corrective wave (b), with a potential upward move toward the 144.78 – 145.45 area as wave (c). After that, a new bearish wave (wave 3) may begin, with targets around 141.36 and 139.03. This analysis is based on Elliott Wave structure and Fibonacci retracement levels.
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.
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.