Latest price hovering between 50-61.8% retracement which is also support zone .
Waiting for momentum shift (bearish to bullish). Price will need to find support between 1 of the 2 blue support zones.
Chart Patterns:
Support & Resistance:
Elliott Waves:
Waiting for momentum shift (bearish to bullish). Price will need to find support between 1 of the 2 blue support zones.
Chart Patterns:
- Flag pattern
- Ending Diagonal forming
Support & Resistance:
- Blue zones: 4H
- Yellow zone: 1H
Elliott Waves:
- Black ABC: Zigzag Wave with
- Contracting Triangle (ABCDE)
- Green ABCDE: Contracting triangle
- Maroon ABC: Flat Wave with Ending
- Diagonal (i, ii, iii, iv, )