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RHE before a significant rise.
RHE before a significant rise. The analysis also shows that the price action is correcting back from a near 200% momentum rise. Its size is 61% of the momentum rise. It is also observed that there is a fractal relationship between the two wave sequences. So the size of the wave sequences in the second fractal is twice the size of the original fractal wave sequences. The analysis assumes that we may be in the middle of the second fractal build-up. This would imply that a further significant rise is still to come. This is what we are waiting for now. The target price for this could be : 43 usd level.
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