We talked about Jasmy already back in May, where we mentioned and highlighted an ongoing five-wave bullish impulse that can be still in play. CLICK HERE
Later on June 06 we updated the chart for our members, where we spotted final stages of wave 5 of (3) and we warned about a new higher degree waver (4) correction that can retrace the price back to the former wave 4 area.
As you can see in the updated chart from July 10, it nicely turned down for wave A of a higher degree A-B-C correction within wave (4) and we pointed that wave C is still missing and it can retest the ideal and strong support at 38,2% Fibo. retracement and 0.015 area after wave B rally.
Later in August, Jasmy finally completed its three-wave A-B-C corrective pullback in wave (4) at the perfectly projected textbook, former wave 4, 38,2% Fibo. and 0.015 support area. This is where we started to look for a bullish resumption within wave (5).
Today on September 25, we still expect a bullish continuation within higher degree wave (5), especially if jumps back above channel resistance line and 0.034 bullish confirmation level.
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