The wave Y reached equal distance of wave W. It could dip lower to 22.80 (valley of wave W).
The trend then will resume to the upside.
It could hit between 26.70 and 27.50.
I see oil lower and oil related currencies could drop.
The trend then will resume to the upside.
It could hit between 26.70 and 27.50.
I see oil lower and oil related currencies could drop.
Note
Updatewatch 23.64 if breaks then WXY model could unfold with drop down.
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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.