AS PER PREVIOUS POST PRICE TAGGED 2980(2983=162%) and has since been in consolidation.
There is a consolidation zone between 2720-2980 and this could be complicated, therefore unless 2720-2700 break down a range bound market for now.
FROM 2766= 2766-2868-2816= 2918(100%),2947(127%),2983(162%) in extension 3023-3088 or upto 3130, price has got 3 waves so far 2766-2868-2816-2980, 2970-2980 could this be the end of line for the upside from 2192-2980 or is there another one last move higher!!!
2766-2868-2816-2980-2913-2980, 1,2,3,4,5(double top) or from 2980-2913-2980-2908(a,b,c) for a 4th wave consolidation, 2908 is also 50% from 2816-2980, 38% from 2766-2980 and is 2980-2947(33pts)=2977-2908(69pts).
upside resistance from 2908= R=2925-2940, Break above 2940= 2950-2960 and back into 2970-2980 resistance zone.
Break above 2980: T2= 2990-3010 OR R=3027-3040.
Break below 2908: S=2905-2895, S=2885-2870,S=2855-2845.
Price within R=2925-2940 atm.
There is a consolidation zone between 2720-2980 and this could be complicated, therefore unless 2720-2700 break down a range bound market for now.
FROM 2766= 2766-2868-2816= 2918(100%),2947(127%),2983(162%) in extension 3023-3088 or upto 3130, price has got 3 waves so far 2766-2868-2816-2980, 2970-2980 could this be the end of line for the upside from 2192-2980 or is there another one last move higher!!!
2766-2868-2816-2980-2913-2980, 1,2,3,4,5(double top) or from 2980-2913-2980-2908(a,b,c) for a 4th wave consolidation, 2908 is also 50% from 2816-2980, 38% from 2766-2980 and is 2980-2947(33pts)=2977-2908(69pts).
upside resistance from 2908= R=2925-2940, Break above 2940= 2950-2960 and back into 2970-2980 resistance zone.
Break above 2980: T2= 2990-3010 OR R=3027-3040.
Break below 2908: S=2905-2895, S=2885-2870,S=2855-2845.
Price within R=2925-2940 atm.
