Main items we can see on the 4HS chart:
A) The price has made a Descending Movement from Historical High zone
B) After a 40% Decline, we can see an ascending channel
C) Currently, the price is outside the ascending channel making a corrective Structure
D) We have 2 Scenarios from current levels
LONG: The price breaks the Corrective structure with a bullish movement with a target on 11.300
SHORT: The price breaks the Corrective structure with a bearish movement with a target on 8.900
A) The price has made a Descending Movement from Historical High zone
B) After a 40% Decline, we can see an ascending channel
C) Currently, the price is outside the ascending channel making a corrective Structure
D) We have 2 Scenarios from current levels
LONG: The price breaks the Corrective structure with a bullish movement with a target on 11.300
SHORT: The price breaks the Corrective structure with a bearish movement with a target on 8.900
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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.