Trip: ⬇️ Sell
– Trip falling inside active impulse wave v
– Likely to fall to support level 9.00
Trip recently reversed down from the key resistance level 11.55 intersecting with the 50% Fibonacci correction of the downward impulse from January.
The downward reversal from the resistance level 11.55 started the active impulse wave v – which belongs to wave from December.
Given the strong daily downtrend, Trip can be expected to fall to the next support level 9.00 (former monthly low from March).
Source: Fxpro