Main items we can see on the chart:
a) The price reverse from a major support zone
b) Currently, we can see a corrective structure
c) The resolution of these structures from a technical perspective are on the same direction of the previous impulse (they are called continuation patterns)
d) Based on the breakout we have observed, we expect a continuation of the bullish movement towards the next resistance zone (descending trendline)
a) The price reverse from a major support zone
b) Currently, we can see a corrective structure
c) The resolution of these structures from a technical perspective are on the same direction of the previous impulse (they are called continuation patterns)
d) Based on the breakout we have observed, we expect a continuation of the bullish movement towards the next resistance zone (descending trendline)
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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.