AB capital had completed the double correction w-x-y of wave ((iv)).
Wave ((iv)) retraced 50% of wave ((iii)), which signals that wave ((iv) can be ended anytime.
Successive highs and lows indicate the starting of an uptrend.
In my previous article, I had written in bold words,” We can see the following targets: 127.70 – 138.96 – 151.2 – 165.9+“.
Click here to read previous research report.
1:20 PM, 3 January 2022, price broke the high of wave (i) and moved out of the minor parallel channel.
AB capital reached the first target of 127.70 and made a high of 132.55. If the price gives a strong close above wave X, it’s a good signal for bulls.
12:35 PM, 11 January 2022, AB capital reached the second target of 138.96, and made a high of 139.20.
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