It seems that the correction is over and we expect to climb to the top of the channel in the numbers 1.19966 to 1.2026 as very strong resistance compression range.
If the level of 140.63 is broken, the head and shoulder pattern will be eliminated. But in another scenario, if the price crosses the level of 137.24, can expect the neckline of the pattern to break.
UPDATE to complete wave5 in M30 , I expect an upward move to the itself high 3 years ago and its conquest at 19677
to complete wave5 in M30 , I expect an upward move to the itself high 3 years ago and its conquest at 19168
We are in correction. wait for to end it and enter to buy position at wave3 of big wave3. In the other hand, in case of breakage 50% fibo level, drop to 1.18447 at 61.8% fibo level for complete correction.
It seems that the correction is over and we expect to climb to the top of the channel in the numbers 1.19966 to 1.2026 as very strong resistance compression range.