This chart is a little updated from my previous one. After completing 12345Elliot wave, now we are in ABC corrective wave where we are now confirmed about the wave A and B. Now we are waiting for wave C. Personly I am targeting 0.0097-0.0098 in wave C.
If we look at the RSI, it will be in the over sold territory in next 1/2 hour.Then we will be ready for wave C.
Impotant: Wave B is sightly confirmed, not 100% yet. But where ever the wave B is, we must go for a wave C.
But in worst case scenario, sometimes wave C does not come true so there always a little bit risk but I am 75% sure about the wave C.
Always Do your own analysis before you enter any trade, this is not a financial advice. Just a prediction based on Elliot corrective wave, trend line support and RSI divergence.
If we look at the RSI, it will be in the over sold territory in next 1/2 hour.Then we will be ready for wave C.
Impotant: Wave B is sightly confirmed, not 100% yet. But where ever the wave B is, we must go for a wave C.
But in worst case scenario, sometimes wave C does not come true so there always a little bit risk but I am 75% sure about the wave C.
Always Do your own analysis before you enter any trade, this is not a financial advice. Just a prediction based on Elliot corrective wave, trend line support and RSI divergence.