price is going up to the target shown in the chart....
According to the chart, stock price goes up to the target of wave 3. this analysis is just for wave 3... to be continue...
LAST LONG ANALYSIS IS VALID AND THIS IS SHORT TIME...
We are in wave 3 and short term target have been shown in the chart... this is just for wave 3 yet and 4, 5 will analysis next time. ;-)
IF STRONG CANDLE BREAK PREVIOUS TOP AT 1740-1748, WE COULD BUY TO THE PRZ OTHERWISE WE COULD SELL. GOING UP AND BRAKING THE TOP IS MORE LIKELY TO BE DONE ...
WE HAVE TWO MAJOR RESISTANCE TO FULL COMPLETE THIS WAVE ...
Corona virus effects wave 4 to the stock, we could buy after correction ... logarithmic.
In H4 time frame, first going down about 40 pip soon then we could have buy position to the target.
A RESIDENCE IN 1.27 AND A CORRECTION THEN GOING UP ...
Daily target will be about 1.31 (upper), for more clearance the time is H4 but target is during daily level.
According to the resistance on 1700$, Elliot wave 5 is about to complete shown by chart.
According to up warding triangle and Elliote wave 5, Potential Reversal Zone and target have been shown in the chart.