1. Price candle has break out MA 200 multiple times on 10, 13 Sept '22 and 23 Mar '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 from 11 May '22 to 21 Mar '23 to shake out weak retailers.
3. GC (Golden Cross) MA 50 & MA 20 happen on 25 Mar '23 give another strong signal the price is build up the uptrend momentum and ready for bullish.
4. Price candle and MA 200+MA 50+MA 20 has aligned altogether give sign the price is ready for bullish.
5. Price candle has to BO strong resistance (0.870-0.905) and possible PB take place to setup a support area at the same price range. This the possible 1st EP.
6. EW count analysis includes in this TA together with sub wave count. Immediate target sub-wave 3 provide in the chart.
2. Price candle testing MA 200 from 11 May '22 to 21 Mar '23 to shake out weak retailers.
3. GC (Golden Cross) MA 50 & MA 20 happen on 25 Mar '23 give another strong signal the price is build up the uptrend momentum and ready for bullish.
4. Price candle and MA 200+MA 50+MA 20 has aligned altogether give sign the price is ready for bullish.
5. Price candle has to BO strong resistance (0.870-0.905) and possible PB take place to setup a support area at the same price range. This the possible 1st EP.
6. EW count analysis includes in this TA together with sub wave count. Immediate target sub-wave 3 provide in the chart.
Comment:
Price in PB toward immediate support area. Continue monitor where the PB will stop to establish strong support area. The price candle that BO and closed above last red candle is a good EP.
Comment:
For trader look for buy on support, If the price candle able to BO and closed above 0.76, this will become a good EP.
Comment:
Current price candle in support area. Good time to look for good entry.