The short term down trend resulted in a COMPLEX PULL BACK PATTERN(A,B,C) .After the completion of "C" wave , down trend was resumed until prices failed to go down at midpoint of "A" "B" wave. A reversal bullish candle formed which shows that the trend has changed from down to up trend. We will be watching the target at the coming levels of -0.618, -1, -1.618 levels.
Watch for a long entry on the Daily charts at the 50, 61.8 level on the MONTHLY BULLISH CANDLE . Dily candle should be bullish at the midpoint of the monthly bullish candle..
Watch for a long entry on the Daily charts at the 50, 61.8 level on the MONTHLY BULLISH CANDLE . Dily candle should be bullish at the midpoint of the monthly bullish candle..