DUOL: Price structure (upd)

٨ سبتمبر

The corrective structure for wave (2) looks to be complete. Next important mid-term resistance area: 248-345 (0.382-0.618% extension of wave (1)-(2)). In this resistance zone price may form a potential handle in long CaH patter before breaking out into long term uptrend towards next macro resistance zone: 589-820 and beyond (if following support structure holds)



Proposed structure is valid if price holds above august's lows (144)

Previous idea from Dec 2018 with updates: https://www.tradingview.com/chart/DUOL/E0kauKxc-DUOL-In-the-mid-term-resistance-zone/

Thank you for your attention!