Main items we can see on the chart:
a) The price had been inside a Range (yellow lines) and was broken with a massive bullish movement
b) After the first impulse we saw a reversal a now we are on a situation where the price is retesting the broken level
c) Above the mentioned zone there is a new corrective Structure (purple lines) + broken descending trendline
d) This situation presents good characteristics for a long setup towards the Bullish Target
e) Our Long view will be annulated if the price reaches the invalidation zone
a) The price had been inside a Range (yellow lines) and was broken with a massive bullish movement
b) After the first impulse we saw a reversal a now we are on a situation where the price is retesting the broken level
c) Above the mentioned zone there is a new corrective Structure (purple lines) + broken descending trendline
d) This situation presents good characteristics for a long setup towards the Bullish Target
e) Our Long view will be annulated if the price reaches the invalidation zone
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.