As you see,The 86 months Trend line has not been broken.This indicates that the price will likely retain this trend line.
This will be an important reason for my argument on this support.
As you can see,the price after breking its ascent channel,experienced a return to the bottom of the channel (Pull Back) and it continued on its way.
So all the reasons proves to us that we are in state of decline and a process of reform.
In the other hand we are in correction side and in the shape of triangle pattern so i expect a correction of up to 78 percent of the previous wave.but the approximate number of my guesses at 65 percent.
This will be an important reason for my argument on this support.
As you can see,the price after breking its ascent channel,experienced a return to the bottom of the channel (Pull Back) and it continued on its way.
So all the reasons proves to us that we are in state of decline and a process of reform.
In the other hand we are in correction side and in the shape of triangle pattern so i expect a correction of up to 78 percent of the previous wave.but the approximate number of my guesses at 65 percent.