Primary Structure: Bullish Impulsive
Primary Trend: Bullish
Current Wave Structure: Potential Bullish Impulsive.
Expectations: We have witnessed a pullback in three waves in the black wave "2" which successfully approached the 78.6% Fibonacci retracement level. The rise from its low is expected to unfold in five waves. We are trading in the middle of this bullish cycle. More gains are expected as the price has sustained above the upper line of the base channel.
Recommendations: 2; Hold the longs.
1: Longs may be considered from around 27 with stops below 22. Targets will be communicated with time.
Previously :
Previously :
Previously :
