2624-2814 Completed A wave then retraced lower to 2717 and completed B now in the C wave higher and nearing upper resistance zone
Price extension from 2624-2814= 2865(127%), 2931(162%)
Price extension from 2812-2641-2431= 2890(100%), 2953(113%),3014(127%).
Price extension from 2624-2814=A, 2814-2717=B, 2717-??=C 2834(62%), 2867(78%),2907(100%)
Price extension from 2182-2641= 2871(50%), 2926(62%)
Retracement levels from 3393-2182=2788(50%), 2930(62%)
Prices getting to upper resistance zone 2930
Price extension from 2624-2814= 2865(127%), 2931(162%)
Price extension from 2812-2641-2431= 2890(100%), 2953(113%),3014(127%).
Price extension from 2624-2814=A, 2814-2717=B, 2717-??=C 2834(62%), 2867(78%),2907(100%)
Price extension from 2182-2641= 2871(50%), 2926(62%)
Retracement levels from 3393-2182=2788(50%), 2930(62%)
Prices getting to upper resistance zone 2930
Comment:
Yesterdays 2850 high looks like a probable C high and today 2760 probable D, requires 1 more high into the 2865 price zone, however Price is within the previous price range of 2840-2890 which can potentially complete the upside, caution warranted.
Comment:
break below 2720-2700 down move in progress
Comment:
Price tagged upper zone of 2890 and has since been in consolidation, price support needs to hold 2815-2795, break here then next support 2760-2750.
very volatile price zone 2840-2890 as there is a confluence of multiple price targets, there is a probability of higher price extension to 2920 however it is not required.
2815-2795 support, break of support then lower, retest of 2890 probable or breakout above= 2920 probable but not required.
caution warranted short term = neutral to bearish.
very volatile price zone 2840-2890 as there is a confluence of multiple price targets, there is a probability of higher price extension to 2920 however it is not required.
2815-2795 support, break of support then lower, retest of 2890 probable or breakout above= 2920 probable but not required.
caution warranted short term = neutral to bearish.
