Upcoming wave is Eillot impulsive wave - 2 and target is 580.
Eillot Impulsive wave 1 correction of 5th wave is almost breakdown.
even price moving in range with high and lows trend lines.
so considering the new the new wave 1st target will be 580 later on 605 with a short period.
havent taken the trade yet still researching for the unconfirmed impulsive wave to...
as we can see there is a clear abcd pattern where price is ranging within that. there is no breakout seen. infact we see a lower support breakdown to occur and with targeting new 52 week lows.
Trade must be taken after the breakout of lower support.
there might 1 : 8 profit sharing ratio.
stay tunned ...
