ZEEL is forming 3rd impulsive wave. Wave 2 has taken a reversal from a 61.8% Fibonacci ratio.
If zeel is forming wave 3, we should at least get a 161.8% extension of wave 1.
Target 1:390
Target 2:362
Target 3:335
Invalidation: Wave 2 can never overlap the starting point of the wave.
If zeel is forming wave 3, we should at least get a 161.8% extension of wave 1.
Target 1:390
Target 2:362
Target 3:335
Invalidation: Wave 2 can never overlap the starting point of the wave.
Komen:
Zeel has reached the first target of 335 and made a high of 356.
Komen:
Comment: Zeel has reached the second target of 362.
Follow me for more EW ideas.