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Power Finance

1 Oct 202007:30 AM

The pullback in the PFC, remains wave 2, as long as they do not break the starting point of 80.65. The daily momentum has turned bullish again and as prices go back above the moving averages that 90.25 wave 3 should have started. Will there be more subdivisions or not needs to be seen. We may initially look at 105 is a level of resistance where prices may pause. An extended 3rd wave would attempt to make a higher high towards 120, where wave 3 would be 161.8% of wave 1.

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