so right now the market is making the corrective wave in order to complete the wave 2 before the market continue to uptrend to make another impulsive wave 3 . TAYOR
AS WE CAN SEE NOW THE MARKET AKREADY BREAK THE UPPER TRENDLINE..NOW WAITING FOR THE MARKET TO RETRACE AUNTIL THE RESISTANCE AREA BEFORE CONTINUE GOING UPTREND..TAYOR
SO RIGHT NOW THE MARKET ALREADY BREAK THE RESISTANCE AREA SINCE THAT AREA HAS BEES TESTED QUITE SOMETIMES..NOW WE ARE WAITING FOR THE MARKET TO MAKE A RETRACEMENT UNTIL THE RESISTANCE AREA THEN ONLY WILL CONTINUE TO UPTREND UNTIL 1.29701
AS WE CAN SEE NOW THE MARKET IS ON DOWNTREND POSITION..RIGHT NOW THE MARKET ARE TESTING THE RESISTANCE AREA//LET SAY THE MARKET UNABLE TO PENETRATE THE RESISTANCE AREA..THEREFORE THE MARKET WILL CONTINUE DOWN TREND UNTIL 1.24872 SINCE THERE IS A SUPPORT AREA
SO RIGHT NOW WE SEE THE MARKET ALREADY BREAK THE TRENDLINE..IT MEANS THAT THE MARKET GOING TO BE DOWNTREND..BUT RIGHT NOW THE MARKET ARE MAKING A RETRACEMENT MAYBE UNTIL THE 1.12564 BECAUSE IT IS A SUPPORT LEVEL..BUT IF THE MARKET ANAGE TO BREAK THE SUPPORT AREA MEANS IT WILL CONTINUE UP UNTIL 1.13000 BEFORE CONTINUE TO DOWNTREND..THATS ALL...TAYOR
SO AS WE CAN SEE NOW THERE IS A DOWNTREND CHANNEL ON THE CHART..RIGHT NOW THE PRICE MANAGE TO BREAK THE SUPPORT AREA..THE PRICE MIGHT GO UP TO TEST THE TRENDLINE AND SUPPORT AREA..IF THE CANDLE CANT BREAK THE TRENDLINE..POTENTIAL FOR THE MARKET TO CONTINUE FOR DOWNTREND IS HIGH..AND THE NEXT TP IS 0.68000...IF THE MARKET MANAGE TO BREAK THE TRENDLINE SO THE MARKET...
NOW WAITING FOR THE MARKET TO GO UP TO TEST THE TREND LINE..IF THE CANDLE CANT BREAK THE TRENDLINE THEN THE MARKET WILL CONTINUE DOWNTREND UNTIL 0.97285....IF THE MARKET MANAGE TO BREAK THE TRENDLINE..THEREFORE IT WILL CONTINUE TO RISE UP UNTIL 1.00943 BECAUSE THERE IS A RESISTANCE AREA THERE..THEN IT WILL POSSIBLY CONTINUE FOR DOWNTREND UNTIL 0.97285
