EMC2 new market cycle
EMC2 seems to have completed it's old market cycle and retraced to 0.883 fib level from the old move.
Curently it's going kind of sideways and seems to want to retest 0.883 fib. There is a clear support area and a resistance trend.
A new market cycle can start from this.
Some good sell areas are old support and resistance zones but this may head to a new all time high as this new cycle may be the elliot 3 for a larger move.
Curently it's going kind of sideways and seems to want to retest 0.883 fib. There is a clear support area and a resistance trend.
A new market cycle can start from this.
Some good sell areas are old support and resistance zones but this may head to a new all time high as this new cycle may be the elliot 3 for a larger move.
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