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Old 08-04-2021, 07:20
MikhailLF MikhailLF is offline
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Join Date: Sep 2017
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Default Re: Forex News Analysis by LiteForex

American Express Co.: wave analysis

The price may grow.

On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed, and the correction 2 of (5) ended. Now, the third wave 3 of (5) is developing, within which the local correction iv of 3 has developed, and the formation of the wave v of 3 has started. If the assumption is correct, the price will grow to the levels of 160.00–170.00. In this scenario, critical stop loss level is 134.73.



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