CSE Global is showing a Elliott Wave chart pattern. It looks like starting of a Elliott Wave B after finding a support at $0.86 which is a 61.8% Fibonacci Retracement Level. Currently CSE Global is testing an immediate resistance at about $0.90 (20D and 200D MA). If this resistance is cleared, it is confirmed that Elliott Wave B is formed and the next resistance is about $1.00 (50D MA and 78.6% Fibonacci Retracement Level). This $1.00 (or somewhere near the up trend support turned resistance) may be the starting point of Elliott Wave C.
Tags: Elliott Wave