- Left side analysis:
indicators: MACD(12,26,9), price patterns.
please look the below pictrue, the MACD is devergence with down trend and there is a failed wave 5(use the time to deplete the price space.).
so this tell me that the down trend has end.
- Dight side analysis:
indicators: Fibonacci Ratios Retracement
first, there is a powerful impulse wave of up trend, this is very important. and wave B is fullback 50% to before impulse wave.
the price up to point A level after wave B then fullback 50% of the space of AB.
the 80 is the price of down trend wave 4
- TP analysis:
indicators: Fibonacci Ratios Retracement/Extension, Harmonic Patterns
the 0.618 Retracement of down trend is 85:
the 1.272 Extension of wave A is 84.9:
the price of Patterns AB=CD is 84.7.