In the continuation of the above weekly time analysis, we will examine the view of the second weekly time with full details:
In general, we see 3 patterns of harmonics on the overall chart:
1. Area D1-15579
2. Range D-10810 (ABCD PATTERN)
3. Area D3-3930
We got the first target and based on that we expected corrective targets which failed to get the corrective confirmation. Now the first reduction range is based on the pivot point of 20668. After that we have the resistance of the oscillating rectangle at the 19428 range. In case of failure, we can repeat the first target Get the harmonic range of 15579
The first point: the range between 25135 and 15579 can have a correction space of the main decreasing wave.
If the range of 15579 is broken, the next target is the range of 13037 on the pivot point, after that we can complete the next big pattern and complete ABCD in the range of 10801.
If prz10810 is broken, we have 2 targets based on the pivot point in the ranges of 6912 and 5282, and then the bottom of the specified rectangle is 3369.
The second point: in the rectangular range between the ceiling of 19428 and 3369, you can expect fluctuations and the best strategy is price movements between these two areas.
And finally, the last target of the main movements is the third harmonic target and the area of 3930.
Third point: Each of the main goals or between them can act as a resistance for further reduction or forming a correction space between the main reduction movements.
Currently, we do not have any additional confirmation and we are with you with the trend in the down time.
In general, we see 3 patterns of harmonics on the overall chart:
1. Area D1-15579
2. Range D-10810 (ABCD PATTERN)
3. Area D3-3930
We got the first target and based on that we expected corrective targets which failed to get the corrective confirmation. Now the first reduction range is based on the pivot point of 20668. After that we have the resistance of the oscillating rectangle at the 19428 range. In case of failure, we can repeat the first target Get the harmonic range of 15579
The first point: the range between 25135 and 15579 can have a correction space of the main decreasing wave.
If the range of 15579 is broken, the next target is the range of 13037 on the pivot point, after that we can complete the next big pattern and complete ABCD in the range of 10801.
If prz10810 is broken, we have 2 targets based on the pivot point in the ranges of 6912 and 5282, and then the bottom of the specified rectangle is 3369.
The second point: in the rectangular range between the ceiling of 19428 and 3369, you can expect fluctuations and the best strategy is price movements between these two areas.
And finally, the last target of the main movements is the third harmonic target and the area of 3930.
Third point: Each of the main goals or between them can act as a resistance for further reduction or forming a correction space between the main reduction movements.
Currently, we do not have any additional confirmation and we are with you with the trend in the down time.
