JCY - TA1. Price candle break out MA 200 on 13 June '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 24 May '23 to 13 June '23 to shake out weak retailers.
3. GC (Golden Cross) MA 50 & MA 20 happen on 10 July '23 give another strong signal the price is build up the uptrend momentum and ready for bullish.
4. Price candle and MA 200+MA 50+MA 20 has aligned altogether give sign the price is ready for bullish.
5. Price candle still in-progress to BO strong resistance (0.22-0.225). Expected PB will take place once the price candle touch this strong resistance to setup a support area. At this point its a 1st EP.
6. EW analysis cover in this TA including main wave and sub wave count. Correction wave 2 already completed. Price movement in-progress for main wave 3. Target price for main wave 3 at Fibo 1.618 (0.400).
