As you can see in the chart, wave 4 can also be flat, with wave B reacting in Fibo 1.27, so it is probably wave 4, wave C of this flat is expected to react to the bottom of the channel, which can be flat, but if it breaks. The canal becomes an irregular flat that will grow to 1800-1796 and even more.
But in case of support of 1755 support, the for wave 4 is confirmed, in general, we expect the price to rise to the area of 1770, and if the support of 1755 is completely broken, the buy position is not recommended at all.
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