Starting with the daily, we can see price action managed to pullback to the 78.6% from the most recent bullish impulse to the upside.
I'm not suspecting we may get a continuation impulse towards my target as displayed on the chart.
== 4Hr ==
* Price action holding above the 21 MA
* Support buffer between the 61.8 and 78.6 Fib levels
* RSI maintains bullish momentum
== 1Hr ==
* Wedge formation with 2 solid rejections candles in both directions
* Waiting for breakout
== 15min ==
* RSI Breaks above 60 with many holds above 40
* Maintaining ascending channel
== IN SUMMARY ==
Waiting for bullish breakout on small timeframe to confirm my bullish setup towards the daily target as mentioned in the opening.
I'm not suspecting we may get a continuation impulse towards my target as displayed on the chart.
== 4Hr ==
* Price action holding above the 21 MA
* Support buffer between the 61.8 and 78.6 Fib levels
* RSI maintains bullish momentum
== 1Hr ==
* Wedge formation with 2 solid rejections candles in both directions
* Waiting for breakout
== 15min ==
* RSI Breaks above 60 with many holds above 40
* Maintaining ascending channel
== IN SUMMARY ==
Waiting for bullish breakout on small timeframe to confirm my bullish setup towards the daily target as mentioned in the opening.
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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.