August 2021 - CAN

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- in Daily chart, since it rebound at Fibonacci .618 from the lowest price, there is high probability it currently forming the third wave of Elliot Wave.
- DMI is indicating strong uptrend and Stoch indicating there is few days of uptrend before market decide to continue uptrend or to do correction.
- RED resistance lines are for reference to exit and reentry.

- in Weekly chart, although DMI is showing uptrend, it is still weak signal and Stoch also not yet confirm to continue uptrend or to break downwards.

- in Monthly chart, DMI indicates strong uptrend and Stoch indicates the beginning of uptrend.
- although it may going upwards, since it is a Monthly chart, with factoring in the analysis from Daily and Weekly charts, and considering the low price, expect strong turbulence during the upward journey.

"Market is always right"

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