Main items we can see on the chart:
a) The price broke an ascending trendline and formed a corrective structure
b) After that, we had a breakout of the previously mentioned structure and a small correction
c) Based on that small correction we have two scenarios
d) If the price breaks below the small correction we expect a bearish movement towards the lower trendline of the weekly channel
e) If the price breaks above the small structure we expect a bullish movement towards the higher trendline of the weekly channel
a) The price broke an ascending trendline and formed a corrective structure
b) After that, we had a breakout of the previously mentioned structure and a small correction
c) Based on that small correction we have two scenarios
d) If the price breaks below the small correction we expect a bearish movement towards the lower trendline of the weekly channel
e) If the price breaks above the small structure we expect a bullish movement towards the higher trendline of the weekly channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.