Use this as a guide to develop your view.
Main items we can see on the Daily Chart:
a)The price is inside a descending channel
b)Currently, the price is on the lower trendline of the descending channel
c)Also, we have a massive Support zone on 75 - 76
d)The convergence between the Support zone + the lower trendline of the descending channel, provide us with a clear reversal zone
e)Our long term target for the bullish movement will be the higher trendline of the descending channel.
Main items we can see on the Daily Chart:
a)The price is inside a descending channel
b)Currently, the price is on the lower trendline of the descending channel
c)Also, we have a massive Support zone on 75 - 76
d)The convergence between the Support zone + the lower trendline of the descending channel, provide us with a clear reversal zone
e)Our long term target for the bullish movement will be the higher trendline of the descending 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.