1. ADA has attacked $1.55 "3 times" and has failed to surpass it.
2. Longer term target is $5.
3. First mid-term downturn can be at 0.80 which overlaps the ascending channel midline and if it is lost then 0.41.
4. If wave counting is correctly done, then the 4th Weekly wave is signaling a couple of months downturn mainly pointing toward 0.41.
5. Triple top can be seen. Not a good sign at the moment.
6. SRSI: heading down and has to be oversold to buy.
7. RSI (2 & 14): Negative divergence is seen which is an implication of an emergent serious downturn.
This is an educational text for learning proposes only.
2. Longer term target is $5.
3. First mid-term downturn can be at 0.80 which overlaps the ascending channel midline and if it is lost then 0.41.
4. If wave counting is correctly done, then the 4th Weekly wave is signaling a couple of months downturn mainly pointing toward 0.41.
5. Triple top can be seen. Not a good sign at the moment.
6. SRSI: heading down and has to be oversold to buy.
7. RSI (2 & 14): Negative divergence is seen which is an implication of an emergent serious downturn.
This is an educational text for learning proposes only.