A few things noted from the price action over the few weeks:
- Price retraced and consolidated around 0.382 fib, broke out and re-tested 0.090 which is the previous resistance (top of the box)
- Last Friday's close above 0.115 marks a new major break out, signalling the next leg up, or elliott wave theorist would call it wave 3
- Volume increasing on green candles after 3 dojis on low volume
I have next target at 0.17 (0.618 fib extension) or 0.215 (wave 3 - 1.618 of wave 1), either way very positive price action overall. GLTA
A few things noted from the price action over the few...
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