1. As expected at the beginning of the trade that prices would tend to reach a limit over than $115.xx before making a downtrend at minimum level of $106.3x.
2. At the moment, prices are making minor corrections inside the resistant (red) zone to move up to achieve the first target above $112.7x. Prices will not enter the supporting (green) zone unless it reaches below $103.4x which is an excluded idea as per the moment performance.
3. Breaking the $112.7x level will pull ,by default, the prices upwards to a strong resistant point @ 161.8% level to reach the $115.xx again.
4. The main target is to break the 161.8% level where a big jump in prices will happen to reach a point below $125.5x @ 261.8% level. This will be the battle zone between bulls and bears.
5. In case of strong back retracing at the 161.8% level, prices will downtrend again to perform a lower point on ZigZag++ indicator with a chance to make another long corrections between $108.6x and $104.6x where it will be a good entry point for the new uptrend journey to achieve the $125.5x for long-term traders. Profits to be collected after 48-hrs if this plan occurs.
6. Any indication about the status through candle patterns for today is false. The full picture will be clear before day closing unless the markets impacted by any outsider news.
2. At the moment, prices are making minor corrections inside the resistant (red) zone to move up to achieve the first target above $112.7x. Prices will not enter the supporting (green) zone unless it reaches below $103.4x which is an excluded idea as per the moment performance.
3. Breaking the $112.7x level will pull ,by default, the prices upwards to a strong resistant point @ 161.8% level to reach the $115.xx again.
4. The main target is to break the 161.8% level where a big jump in prices will happen to reach a point below $125.5x @ 261.8% level. This will be the battle zone between bulls and bears.
5. In case of strong back retracing at the 161.8% level, prices will downtrend again to perform a lower point on ZigZag++ indicator with a chance to make another long corrections between $108.6x and $104.6x where it will be a good entry point for the new uptrend journey to achieve the $125.5x for long-term traders. Profits to be collected after 48-hrs if this plan occurs.
6. Any indication about the status through candle patterns for today is false. The full picture will be clear before day closing unless the markets impacted by any outsider news.