We've just completed Wave 5 at the top of resistance. If we break 74 cents (support), we will go down to the next strong support at .60 cents. The support at 67 cents is weak and it’ll take a lot to bounce at that level. The RSI and momentum are also calling for a reversal. This further validates my TA.
Stop loss - 0.86
Minimum TP- 0.74
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD, RSI, Momentum, and resistance/support zones combined with patterns.
Stop loss - 0.86
Minimum TP- 0.74
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD, RSI, Momentum, and resistance/support zones combined with patterns.
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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.