Rebound Insight
Our Pivot: 123.50
Our Preference: Start buying from current price with strict stop loss of 123.50 and profit target at 144.00 and 149.50.
Alternate Scenario: Downward penetration of 123.50 would call for 116.63.
NOTE: Getting support from supportive trend line of its bearish trend channel along with a horizontal supportive region. Five primary waves of a bearish Elliot Wave have been completed right now its read for a pull back for correction of its bearish Elliot.
Weekly chart with supports and resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.