Primary Structure: Potential Bullish Impulse
Primary Trend: Bullish
Current Wave Structure: Potential Bullish Impulsive.
Expectations: The decline from the high may be considered as part of the correction on a higher degree level. Since this fall was very deep and can assumed the first waves of the correction. The rise from its low is expected to unfold in five waves. The price is sustained well above the upper line of the base channel after completing a running flat in wave "2". A small pause may be witnessed in blue wave "iv' before further rise towards 600.
Recommendations: Wait for the confirmation.
Previously :
Previously :
