This is probably the bit weird one but here it goes.
Case 1: KAS looks to be in the timing bad of where a low is put in and in case we are there then I would target the 0.4-0.5 area for the next top.
Case 2: If however price decides to do go deeper for a 50% or 70% retrace then I would lower the next ATH target to about 0.2 area.
Looking at the history we have with KAS I'd say that first scenario is more probable than the second.
Case 1: KAS looks to be in the timing bad of where a low is put in and in case we are there then I would target the 0.4-0.5 area for the next top.
Case 2: If however price decides to do go deeper for a 50% or 70% retrace then I would lower the next ATH target to about 0.2 area.
Looking at the history we have with KAS I'd say that first scenario is more probable than the second.
評論:
Kas is well on the route for scenario #1 as it did not put in a correction deeper than 50%. First area of interest is 0.2-0.26, but chances are it goes past that.