Main items we can see on the chart
a) The price has broken a range (yellow lines)
b) After the breakout, we saw a huge bullish movement and now we can see a retest of the zone
c) On the Zone, we saw a corrective structure (purple lines)
d) The corrective Structure has been broken
e) Based on that we expect that if the price goes above the green line, that will be a confirmation for the bullish movement to come
Daily Chart:
a) The price has broken a range (yellow lines)
b) After the breakout, we saw a huge bullish movement and now we can see a retest of the zone
c) On the Zone, we saw a corrective structure (purple lines)
d) The corrective Structure has been broken
e) Based on that we expect that if the price goes above the green line, that will be a confirmation for the bullish movement to come
Daily Chart:
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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.