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The corrective decline in wave 2 from the peak of 1.2345 has been way more persistent, than we first expected, but that is often the case with second waves. They are allowed to correct 99.99% of the first wave. In this case we have seen a 93% corrective of wave 1, but it doesn't alter the fact, that the decline only has been a correction and we could easily see a strong rebound from the corrective low at 1.0757.
The first strong indication that wave 2 really has completed is seen upon a break above resistance at 1.1185 that will call for a continuation higher towards 1.1495 and higher. Ultimately we expect wave 3 to continue all the way to 1.3993.
Only an unexpected break below 1.0635 will invalidate our bullish outlook.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
