From 2182 price moved up to 2638-2641=A, 2641-2431=B and from 2431-2814 =C ? is it doe here or still more to go!!!
keeping it simple... C= 2431+459(A@100%)=2890, IF C is to extend higher, C=3017(127%*A) or even upto 3177(162%*A).
2182-3393=2790(50%), 2933(62%), 3137(78%)
Next question is C completing or extending... since C started from 2431:
2431-2528=1, 2528-2455=2, 2455-2753=3.2753-2624=4, 2624-2814=5 close to C=A @2890...so what is if 2624-2814= a or i of 5(ending diagonal)
if 2624-2814=a/i, then b/ii= 2720-2700, below 2700 then 2670, therefore c/iii =2840-2860 or upto 2890-2920... C=A@100% 2890(2920).
Current scenario then price support 2740-2720 should hold , break below here then 2700-2670 becomes very important as a break below 2630-2620 will invalidate the ending diagonal and down side will be in progress.
Alternate scenario if 2630-2620 is breached, 2182-2641=A, 2641-2431=B, 2431-2814=a of C , 2814-??=b of C, b=2625-2575(50%-62%) most probable outcome then the c of C to continue higher or upto 2525-2500(78%) then the c of C would continue higher to 3017-3177.
If prices breach below 2460-2420 then expect lower price support to 2320-2275 or even upto 2182, this is not the prefered option for now.
keeping it simple... C= 2431+459(A@100%)=2890, IF C is to extend higher, C=3017(127%*A) or even upto 3177(162%*A).
2182-3393=2790(50%), 2933(62%), 3137(78%)
Next question is C completing or extending... since C started from 2431:
2431-2528=1, 2528-2455=2, 2455-2753=3.2753-2624=4, 2624-2814=5 close to C=A @2890...so what is if 2624-2814= a or i of 5(ending diagonal)
if 2624-2814=a/i, then b/ii= 2720-2700, below 2700 then 2670, therefore c/iii =2840-2860 or upto 2890-2920... C=A@100% 2890(2920).
Current scenario then price support 2740-2720 should hold , break below here then 2700-2670 becomes very important as a break below 2630-2620 will invalidate the ending diagonal and down side will be in progress.
Alternate scenario if 2630-2620 is breached, 2182-2641=A, 2641-2431=B, 2431-2814=a of C , 2814-??=b of C, b=2625-2575(50%-62%) most probable outcome then the c of C to continue higher or upto 2525-2500(78%) then the c of C would continue higher to 3017-3177.
If prices breach below 2460-2420 then expect lower price support to 2320-2275 or even upto 2182, this is not the prefered option for now.
