Wave 5 Pullback A-B-> C??? Strong Resistance 2.7-2.89
Short term wise, I am seeing a downward post Wave 5 A-B-C correction. Until "C" is confirmed, unable to see where is the Profit Target.
First support zone SP2, if failed to hold, will continue to dip to SP1. If SP1 does not hold, watch the ultimate Life Line bottom. Very cheap to enter at Life Line.
Extremely strong resistance area $2.7-$2.89. It rejects immediately at $2.89.
Conclusion: Enter at support area SP2, SP1, and exit and take profit at RS1.
First support zone SP2, if failed to hold, will continue to dip to SP1. If SP1 does not hold, watch the ultimate Life Line bottom. Very cheap to enter at Life Line.
Extremely strong resistance area $2.7-$2.89. It rejects immediately at $2.89.
Conclusion: Enter at support area SP2, SP1, and exit and take profit at RS1.