As of now, the BO to the resistance at 0.5 level i.e. 12.02 ain't supported with sufficient volume at daily chart. The fourth wave retracement can be expected till 0.618 level i.e. 10.30.
Long Position is suggested at these levels and the lower to it shall be accumulated.
The target could be set the 1.618 level of Fibo i.e. around 28.37, expecting the completion of Fifth wave at this level.
Long Position is suggested at these levels and the lower to it shall be accumulated.
The target could be set the 1.618 level of Fibo i.e. around 28.37, expecting the completion of Fifth wave at this level.