Bearish cycle (12345) wedge was broken (A) and tested (B) with (ABC) correction to 0.5
Consolidation (WXY) around 0.618 of the bearish cycle
Breaking of the intermediary wedge and 0.5 of the bearish formation on (1) first impulse
Bottom of the bullish wedge touched (1) end
Testing of the intermediary wedge after breakout (2)
Breaking into the bullish wedge (3)
Bounce on 0.764 (4)
Limit testing upper side of the bullish wedge around 90K
(ABC) correction around 0.764 of the whole (12345) likely
Limit testing Lower side of the bullish wedge around 55K 0.618 of the (12345)
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Nota
- Bounce on 0.618 (4) - Limit testing upper side of the bullish wedge around 90-91K - (ABC) correction around 0.764 of the whole (12345) likely - Limit testing Lower side of the bullish wedge around 55-56K 0.618 of the (12345)
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