On monthly timeframe we can see that Elliot 5 waves have already comleted. From 2017.03.01 till 2017.11.16 Leg A is formed and retraced up from 50 fibonacci level. Time to go up till golden ratio to form Leg B. We can see that the price is going to break TL. Potential buy opportunity was when market made a hammer candlestick formation and elliot 2nd wave in a correction wave B. Now we can have another opportunity when price breaks and closes above the rectangle zone.
- Trade with care
-Murod
- Trade with care
-Murod
Comment:
Wait breakout of resistance zone to go long