CXO - Chart Thread, page-5484

From one technical perspective there's a case to be made that the long setup is NOW. If i take an elliott wave parallel channel from a wave top at 42c and extend it out to it's Nov22 high and place a parallel copy from a wave low of 17.5c to today, I can, from an elliott wave perspective take all of the action and label last week through to the next fortnight as a major low. The price action that breaks out of the parallel channel in April 2022 is not uncommon for Wave 3.

On my chart there's a significant Stochastic's divergence building and four other indicators have now painted a divergence tag. lots of resistance between $1.02 and $1.07 but I expect a test in this zone imminently.