If we could return to 77,5, test 50 ema
Expect to see fast run up to 200 EMA. For sure will play as great resistance zone and people will try to sell from it, but also expect high probability of spike up, what will take off all SL, retest of breaker, upper TL of chanell and logical continuation down to the second target. Breaking 1350 invalidate analysis
9.444 could be logical start for one more movement up to 0.96. :)
50 ema, 0,5 fib, support become resistance, broken weekly TL,,,, to easy to be the truth...
breaking below dynamic TL and creating LH below 1.087 give us possible short setup
If we back to 1273-1274 than going to short it.
1.34 Proved good area for short. Top of the white and black channel
Left, head, right .. dynamic TL broken, retested ---> expect falling to neck line as minimum target.
Symmetrical triangle- any doubts about direction of breaking. Below 200MA Below 50MA Below dynamic TL Many attempts to go higher but without success.
We returned exactly we have started. When price came back to attractive zone, we see billish signs: double bottom, reaction from 50MA,price closed above 2.72. What give us possible bullish scenario up to 200MA and next round number 3.0 what will be a great objective for bulls where to take profit.