Latest price hovering between 50-61.8% retracement which is also support zone.
Waiting for momentum shift (bearish to bullish) to retest blue resistance zone.
Chart Patterns:
Support & Resistance:
Green zones: Daily
Blue zones: 4H
Yellow zone: 1H
Elliott Waves:
Black ABC: Flat Wave with ending diagonal (i, ii, iii, iv, v)
Green ABCDE: Contracting triangle
Waiting for momentum shift (bearish to bullish) to retest blue resistance zone.
Chart Patterns:
- Flag pattern.
- ABCDE Triangle forming.
Support & Resistance:
Green zones: Daily
Blue zones: 4H
Yellow zone: 1H
Elliott Waves:
Black ABC: Flat Wave with ending diagonal (i, ii, iii, iv, v)
Green ABCDE: Contracting triangle