Main scenario: consider long positions from corrections above the level of 64.35 with a target of 88.00 – 94.50.
Alternative scenario: breakout and consolidation below the level of 64.35 will allow the asset to continue declining to the levels of 54.50 – 50.00.
Analyse: The first wave of greater degree (1) appears to have formed on the daily charts. A descending correction was then created as wave (2). The H4 chart shows the third wave (3) developing, with the part of the first wave of smaller degrees i of 3 of (3) being its part. Apparently, wave (iii) of i… Read full author’s opinion and review in blog of #LiteFinance