AB=CD pattern. Daily chart
Price is currently consolidating at the base of the 3.14 extension of the CD leg. If the price action can exhibit signs of bullishness and the fundamentals can support a move upward then I will be looking to the 38.2 retracement level at approximately 75 for a correction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.