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In July 2018 the price reached the second target of the 3rd monthly bullish wave at 1.618 FIB extension around 205,00 and started a -43.00% pullback.
In May 2020 the price broke above previous high and strong resistance zone between 195.00 – 225.00, extending the 3rd monthly bullish wave toward 2.618 FIB extension around 285.00. The price even exceeded that target and reached a high as 304.67, and started -20.00% decline.
If the price break above 304.67 that will start the 5th monthly bullish wave with first target 0.618 FIB extension around 385.00.
Key support zone is between 195.00 – 225.00.
Monthly chart:
