In the previous chart I mentioned that the further course depends on whether the price breaks the resistance @12221 or not and today it was broken to the upside, so here is a new perspective.
There are 2 variants of bullish development:
1. Waves 1-5 = red dashed path,
2. ABC = blue path.
In both cases the target should be 50% Fib@13602 (up to 13651).
Alternative:
The price falls below 12062.4 and stays below it, then the previous chart applies.
There are 2 variants of bullish development:
1. Waves 1-5 = red dashed path,
2. ABC = blue path.
In both cases the target should be 50% Fib@13602 (up to 13651).
Alternative:
The price falls below 12062.4 and stays below it, then the previous chart applies.
Comment:
12062.4 reached!
