1. Price candle break out MA 200 on 20 July '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 from 21 Aug '23 to 1st Sept '23 to shake out weak retailers. Price candles break out MA 200 again on 4th Sept '23.
3. GC (Golden Cross) MA 50 & MA 20 happen on 22 Sept '23 give another strong signal the price is build up the uptrend momentum and ready for bullish.
4. Price candle and MA 200+MA 50+MA 20 has aligned altogether give sign the price is ready for bullish.
5. Price candle has BO strong resistance (0.51-0.52) on 22 Sept '23. This may become good 1st EP.
6. From EW perspective, price candle may continue upward trend until reach sub-wave III target price which is the next strong resistance. Once price candle reach sub-wave III target price, expect PB may happen to form sub-wave IV. At end of sub-wave IV is may become next EP.
7. Main wave 3 is still far away to reach. Chances for good EP still exist.
2. Price candle testing MA 200 from 21 Aug '23 to 1st Sept '23 to shake out weak retailers. Price candles break out MA 200 again on 4th Sept '23.
3. GC (Golden Cross) MA 50 & MA 20 happen on 22 Sept '23 give another strong signal the price is build up the uptrend momentum and ready for bullish.
4. Price candle and MA 200+MA 50+MA 20 has aligned altogether give sign the price is ready for bullish.
5. Price candle has BO strong resistance (0.51-0.52) on 22 Sept '23. This may become good 1st EP.
6. From EW perspective, price candle may continue upward trend until reach sub-wave III target price which is the next strong resistance. Once price candle reach sub-wave III target price, expect PB may happen to form sub-wave IV. At end of sub-wave IV is may become next EP.
7. Main wave 3 is still far away to reach. Chances for good EP still exist.