Today's Support and Resistance Levels:
R3: 138.91
R2: 137.91
R1: 137.58
Current Spot: 137.28
S1: 137.02
S2: 136.55
S3: 136.00
Technical Summary:
Blue wave (iv) is still developing and as long as minor support at 136.78 protects the downside this correction could move a little higher towards 137.91 before blue wave (v) takes over for the final impulsive decline towards 135.36 and maybe even lower towards 134.77 before blue wave (v) and blue wave iii is in place and blue wave iv will take over for a correction towards 137.65 before the final decline in blue wave v towards 134.23.
Today's Support and Resistance Levels:
R3: 1.6572
R2: 1.6529
R1: 1.6464
Current Spot: 1.6425
S1: 1.6389
S2: 1.6352
S3: 1.6290
Technical Summary:
We have see a wave ii bottom just below my second target at 1.6395 (the low has been 1.6389). Wave ii has turned into an expanded flat correction, which heralds that an extended wave iii will be seen. Therefore I expect wave iii to reach at least 1.6634 and maybe even higher towards 1.6782. Short term look for a break above minor resistance at 1.6464 and more importantly a break above 1.6529 that confirms that wave iii higher is developing. At no point should a break below support at 1.6352 be seen.
what about the alt count !!!!!
ReplyDeletecould the whole down move from 145 to now a correction not im wave could it
Hi Ahmed,
DeleteI'm not quite sure what you mean, but the decline from 145.69 in my view is a correction and I will be looking for a simple A-B-C zig-zag correction, but wave A and C will be impulsive (five waves) even in this case.
Where I have written 1 you could as well have written A and B at 2.
Hope that clarifies my Count.
Kind regards
EWS
first of all thank you for your rebly
ReplyDeletei meant if it's a corrective wave from 145.69 to 136.00 why you make your count as an extension 1,2 i,ii I,II (1),(2)
WHY
did you made this way i couldnt under stand if this already wave 2
why u didn't made your count as
ABC , X ABC XX AND so on
i didn't get
thank you alot