As we can see the most possible local minimum is around 9.650$ as second possible corrective wave in BAT pattern BC, which is exact 88,6% Fibonacci retracement of AB. After accepting this main support line, the prediction is impulsive movement CD, which includes 3 possible targets.
First target - 11.650$ - main resistance level and 0,786 XA movement are in the same crossed zone.
Second target - 11.800$ - point where CD is 1,618 extension of AB
Third target - 11.950$ - maximum possible movement CD, which is exact 88,6% retracement od XA
After creating whole bearish BAT the target is 61,8% retracement of XA - 11.200$ and second is 38,2% retracement of XA - 10.500$
First target - 11.650$ - main resistance level and 0,786 XA movement are in the same crossed zone.
Second target - 11.800$ - point where CD is 1,618 extension of AB
Third target - 11.950$ - maximum possible movement CD, which is exact 88,6% retracement od XA
After creating whole bearish BAT the target is 61,8% retracement of XA - 11.200$ and second is 38,2% retracement of XA - 10.500$
Kommentera:
Possible "C" local minimum was probably created and now we should reach our wave to point D