Bullish wave (a) occurred after breaking downtrendline
then corrective bearish wave (b) rejected from 61.8% Fibonacci level of preceding bullish wave at 76.59
Price is supported above HVN at level 76.40 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows weakness in bearish momentum
RSI broke downtrend
It's expected for coming strong bullish wave (c) to target upper edge of up- channel near level 78.80
then corrective bearish wave (b) rejected from 61.8% Fibonacci level of preceding bullish wave at 76.59
Price is supported above HVN at level 76.40 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows weakness in bearish momentum
RSI broke downtrend
It's expected for coming strong bullish wave (c) to target upper edge of up- channel near level 78.80