Latest technical analysis and operative strategy released by our analysts on TradingView.
Scenario 1: ABC upward corrective wave to the first target at the long period daily moving avg. in area $79 with a trend substructure (12345).
Scenario 2: ABCDE pull-back till the area $75/$74.90, then rebound to the first target ($79)
In both cases, upon reaching the targets we will rebalance the position’s delta and we will consider wave4 close.
Only on a breakout of area $74.90 we will consider wave4 close at the current price level, and a delta
de-balancing to negative (short) with a first target of wave5 in area $74/$73.80.