Main items we can see on the chart:
a) The price is below a descending trendline
b) Currently, the price broke with a bullish movement a descending structure
c) We can see a corrective pattern making a throwback on the descending structure
d) If the price breaks above the green arrow we will consider a confirmation for the bullish movement towards the descending trendline
e) If the price breaks below the red arrow, we will consider a confirmation for the bearish movement towards the next support zone
a) The price is below a descending trendline
b) Currently, the price broke with a bullish movement a descending structure
c) We can see a corrective pattern making a throwback on the descending structure
d) If the price breaks above the green arrow we will consider a confirmation for the bullish movement towards the descending trendline
e) If the price breaks below the red arrow, we will consider a confirmation for the bearish movement towards the next support zone
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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.