Price is still in a broader downtrend but has shown a strong V-shaped recovery with rising volume, signaling real buying interest. Immediate resistance sits near 106, and price may pull back slightly to form sub-waves before continuing. If momentum holds, short-term targets are 109→ 116 → 126.
From an Elliott Wave view, the prior 5-wave decline looks complete, and the current move can be the start of a new impulse. A breakout above the 4th wave zone near 126would confirm strength, opening the path toward higher targets at 152 → 192 → 215, while failure near resistance could lead to consolidation.
We will update further information soon.
From an Elliott Wave view, the prior 5-wave decline looks complete, and the current move can be the start of a new impulse. A breakout above the 4th wave zone near 126would confirm strength, opening the path toward higher targets at 152 → 192 → 215, while failure near resistance could lead to consolidation.
We will update further information soon.
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