Point B: 38.2% to 61.8% XA Point C: 38.2% to 88.6% AB Point D: 161% ext XA 224% to 316% ext AB Target: TP1 61.8% CD TP2 127% CD
Note* This study is taking in consideration a rejection around 236.50 (resistance) and the beginning of a retracement that could reach the 88.6% from AB leg and above all, the point X to A as an impulse leg (strange one, indeed).
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.