Description
⋅ This analysis is totally based on Elliot Wave theory and Volume profile
As per Wave theory, We have entered into wave 3 which has just started.
Target 1(wave 3 completion) - somewhere around 75
Wave 4 should take it back to level 44 (Good support calculated based on Fibonacci and Volume profile )
Target 2(Wave 5) - ~ 160 range (based on fibo levels and volume profile)
RSI shows good momentum and has formed a triangular pattern. Breakout may trigger target 1 soon.
Disclaimer: This is for educational purpose and not a recommendation. Pls invest as per your study and analysis.