Bull trend sequence is complete, now general correction is on its way. A wave shall be done now, now I am expecting a B wave up to approx. 36 PLN, ad then considerate sell off to 20's range.
Two bullish scenarios based on previous price action. More probable red, and less probable blue. We are in oversold areas on daily RSI, on weekly JSW currently struggles with 200 W EMA - that is a really strong resistance. Once that is broken with confirmation I am switching from bear to bull. For now neutral post as situation is yet unclear.
I was expecting more extensive rally up but present one meets requirements for 5th wave.
From this point of view, untill the price overlaps last ATH I am trading as red line follows.
Interestingly if the wavecount is entirely correct we are about to experience a general corrective movement since the march 20'. In that case we are on the a few months gradual...
