🔸DAILY CHART EXPLANATION:
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🔸Price has been on a corrective move for the last weeks without clear direction on this timeframe.
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🔸We are waiting for a confirmation here. In case of a bullish breakout of the Descending Trendline, we consider that there is potential for an upside move towards the Resistance Zone.
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🔸In case of a breakout of the Support Zone, the potential downside move could reach the Support Zone.
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🔸 Will look for a lower timeframe setup when the direction is clear.
.
.
🔸Price has been on a corrective move for the last weeks without clear direction on this timeframe.
.
🔸We are waiting for a confirmation here. In case of a bullish breakout of the Descending Trendline, we consider that there is potential for an upside move towards the Resistance Zone.
.
🔸In case of a breakout of the Support Zone, the potential downside move could reach the Support Zone.
.
🔸 Will look for a lower timeframe setup when the direction is clear.
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.