H1 - Price has currently reached a key support zone formed by the bottom of the channel, 100% Fibonacci expansion level of the big wave, 61.8%, and 100% Fibonacci expansion levels of the small wave.
Potential bullish divergence.
Until this key support zone holds my short term view remains bullish here.
Potential bullish divergence.
Until this key support zone holds my short term view remains bullish here.
Note
The price bounced higher exactly from the key support zone, providing an amazing move to the upside!
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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.