Buy zone: 0.77-79 (fib 1.618 relations state 0.77)
Target B - will be presented.
Should be at least 0.90
We will then retrace further to wave C
TA/FA:
1. EW 1-5= A = Expanding diagonal = Fib relations
2. Hidden Bullish divergence
3. RSI Oversold
4. Trend line
5. 100 MA
6. COO is buying
7. MACD crossing
8. Histogram is decreasing
9. First GAP is filled (92% of all gaps get filled. Wave C will get 2nd gap filled.
Target B - will be presented.
Should be at least 0.90
We will then retrace further to wave C
TA/FA:
1. EW 1-5= A = Expanding diagonal = Fib relations
2. Hidden Bullish divergence
3. RSI Oversold
4. Trend line
5. 100 MA
6. COO is buying
7. MACD crossing
8. Histogram is decreasing
9. First GAP is filled (92% of all gaps get filled. Wave C will get 2nd gap filled.