This is my first post, i'm still not an expert. But it seems that a Elliott wave is just closing.
Timing would suggest that the second bearish impulse move is about to finish, but would be good to wait for a confirmation of trend reversal in the area of 77,5 - 78$ (previous resistance and then support level.
Other clues are oscillators and momentum indexes that are confirming the end of the move.
Comments are much appreciated :)
Timing would suggest that the second bearish impulse move is about to finish, but would be good to wait for a confirmation of trend reversal in the area of 77,5 - 78$ (previous resistance and then support level.
Other clues are oscillators and momentum indexes that are confirming the end of the move.
Comments are much appreciated :)
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