Trade summary:
The major correction from 43860 cps has seen the share price decline by 87.91%.
The decline traced out a zigzag pattern and has potentially bottomed at 5301 cps, which is the key invalidation level.
The bounce from 5301 can be labelled as a five-wave advance when looked at in the daily timeframe.
Any retracement must hold above 5301 cps for the bullish outlook to remain valid.
The major correction from 43860 cps has seen the share price decline by 87.91%.
The decline traced out a zigzag pattern and has potentially bottomed at 5301 cps, which is the key invalidation level.
The bounce from 5301 can be labelled as a five-wave advance when looked at in the daily timeframe.
Any retracement must hold above 5301 cps for the bullish outlook to remain valid.
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