The analysts working for Masterforex-V Academy
are currently focused on 1,5853, which is the starting point of the
current long-term trend. It corresponds to the peak of wave B W1.
The upswing comping from the point is represented by wave A D1. In its turn, the wave is a part of wave a(C )/C W1.
The daily bar formed on December 2nd
resembles the one indicating a reversal. At the same time, there is a
chance of seeing the price develop wave B of D1 within the framework of
bC W1. The bearish price target is the bottom of the W1 sloping channel
built through 1,4812/1,5853.
At
this point, the price has broken the sloping channel built through
1,6132/1,6313. For the bearish scenario, the following targets looks
actual:
1,6323=38%
1,6286=50%
1,6250=62%
1,6205=76%
1,6168=88%
1,6132=pivot1
1,6286=50%
1,6250=62%
1,6205=76%
1,6168=88%
1,6132=pivot1
