Warning: This is a risky trade, be carful!
Why I predict it?
1- High volume at bottoming
2- Potential news recently
3- Good reversal Candles
My reading is:
1- Primary: it could be started the 3rd/ or C of Elliott wave
2- Seems it finished the wave 2 (correction), reversal candle
Forecasting:
Conservatively: it may go to the upper bound of the channel $1.2(450%)
Unconservative: I will update when it break the upper channel
Confirmation of upward is breaking $0.5
The information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
Why I predict it?
1- High volume at bottoming
2- Potential news recently
3- Good reversal Candles
My reading is:
1- Primary: it could be started the 3rd/ or C of Elliott wave
2- Seems it finished the wave 2 (correction), reversal candle
Forecasting:
Conservatively: it may go to the upper bound of the channel $1.2(450%)
Unconservative: I will update when it break the upper channel
Confirmation of upward is breaking $0.5
The information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.