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clock Created with Sketch. 15/11/22
14:34
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Originally posted by Darkstone
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Ok. It has formed a flag and pulled back to 78%, so probably a new impulse wave in play (not certain - just likely), and projecting from this wave I am getting the expected targets of 492 & 503 again, which tie into the original declining wedge target of 494. So I think this is looking promising. We need to see it climb over 478 for pattern confirmation however. That would probably be the peak for the day.
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The EMA,s on the 5 minute have crossed but it looks weak and could also be a whipsaw entry
(20min delay)