Price respects resistance at 35.79, hence, conforms probable expanding diagonal pattern whereby wave 5 is greater than wave 3.
The rejection correlates with bearish market sentiment and reduced demand from China due to disastrous Coronavirus outbreak.
The rejection correlates with bearish market sentiment and reduced demand from China due to disastrous Coronavirus outbreak.
Trade chiuso: obiettivo raggiunto:
it's been a while since the last post. The price action has completed the expanding diagonal pattern from weekly and monthly perspective. the market has made major reversal and past the invalidation line which indicates a bullish run oon long term perspective