Elliott waves analysis – We’re on the sidelines.


Wave Analysis

Despite the fact that we are expecting a bullish price rally, we continue to see further correction to the lowerside, this downward rally is a corrective wave count and should not break below the lower ma, on this chart, we are holding onto buyers perspective unless the price clearly break and close below 134.345. If this is the case, then further momentum much lower is expected. At this point, we are on the sidelines.

Trade Recommendations:

We’re on the sidelines.

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