We have a extended wave , so we did not see the deep correction, which many were waiting for. We can continue the rally directly from the current prices, as the structure of the w-x-y correction is, in principle, considered complete. However, there is a possibility to correcting a little more, or to form a triangle a-b-c-d-e (less likely, since the triangle was observed in the wave , interleaving, etc). Anyway, we remain within the boundaries of the ascending channel.
Targets: 10150-10950
Below I present a detailed analysis of the current correction.
There is a possibility of slightly descending for a more precise formation of the wave (c) of y.
Targets: 10150-10950
Below I present a detailed analysis of the current correction.
There is a possibility of slightly descending for a more precise formation of the wave (c) of y.
Trade active:
A good way out of the triangle formed by the correction w-x-y.
In the current situation, correction to ~9450 would look good, with a further increase to 10100, which in the future could well create opportunities for significant growth. However, I will not guess.
In the current situation, correction to ~9450 would look good, with a further increase to 10100, which in the future could well create opportunities for significant growth. However, I will not guess.
In general, the wave of (1) can be considered complete. At the moment, we have a five down with a breakdown of the lower trend. In general, I expect a decrease to 8800, or even 7800. In the very short term, a slight rebound to 9600 is possible with trading under the trend.