Strong bullish wave (A) ended at level 74.38
then corrective bearish wave (B) occurred
Price rejected after from key key and 61.8% Fibonacci level of preceding bearish wave after reaching oversold region on RSI
Now price is above Moving Average 100
MACD shows positive momentum
RSI is in uptrend
It's expected for going up towards level 75.59 forming bullish wave (C)
then corrective bearish wave (B) occurred
Price rejected after from key key and 61.8% Fibonacci level of preceding bearish wave after reaching oversold region on RSI
Now price is above Moving Average 100
MACD shows positive momentum
RSI is in uptrend
It's expected for going up towards level 75.59 forming bullish wave (C)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.