The price after completing being repelled by Daily resistance
completed its first “N” wave has begun its second wave.
The price has retraced to Fib 38.20% which is considered
“Medium Retracements” which always results in formation of
Pennant Chart Patterns. This behavior predicts that the trend
will continue its bullish journey after transitory phase and shallow
pull back.
completed its first “N” wave has begun its second wave.
The price has retraced to Fib 38.20% which is considered
“Medium Retracements” which always results in formation of
Pennant Chart Patterns. This behavior predicts that the trend
will continue its bullish journey after transitory phase and shallow
pull back.