CGB spotted on volatility reversal at EW ABC corrective zone

On a daily chart, CGB has been spotted to have reversed its volatility never seen since January 2022, meaning that it has been ranging since then at Elliott Wave's ABC corrective zone for 6 months. If seen on a weekly chart, it is also clear that the price has been consolidating at fibo786 level. EP at current price and TP at fibo618. CL below the 52-week low.