ECOWLD IN ABC FORMATION
Point A: swing low at 0.620.
Point B: swing high and 52-week high at 1.250
Point C: bullish impulse pullback at 0.820 (also EMA100). Price is consolidating between EMA100 and daily pivot point 0.850, where in the middle of the price range is yearly pivot 0.850.
Current price at 0.860 is fibo618.
Probable EP: 0.850 to retest a yearly support.
Probable TP: 1.080 yearly resistance, R2 and fibo236.
Probable CL: 0.785, i.e., below yearly support.
Point B: swing high and 52-week high at 1.250
Point C: bullish impulse pullback at 0.820 (also EMA100). Price is consolidating between EMA100 and daily pivot point 0.850, where in the middle of the price range is yearly pivot 0.850.
Current price at 0.860 is fibo618.
Probable EP: 0.850 to retest a yearly support.
Probable TP: 1.080 yearly resistance, R2 and fibo236.
Probable CL: 0.785, i.e., below yearly support.
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