Long
lskusd bullish turning point?
This point labelled with the "4" would be an appropriate turning point for lskusd.
The price touches the lower boundary of the trend channel.
Wave count looks ok. Big 4 is in the same price area as the preceding small 4 of one lesser degree.
The big wave 4 is definitely not impulsive, but corrective.
Wave 2 = 50% of 1... 1 is 38% of 3.... 4 is 62% of 3. RSI is ok.
Price target for big 5 might be 0.004 (if 5/3=3/1)
The price touches the lower boundary of the trend channel.
Wave count looks ok. Big 4 is in the same price area as the preceding small 4 of one lesser degree.
The big wave 4 is definitely not impulsive, but corrective.
Wave 2 = 50% of 1... 1 is 38% of 3.... 4 is 62% of 3. RSI is ok.
Price target for big 5 might be 0.004 (if 5/3=3/1)
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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.