Main items we can see on the chart:
a) The price has reached the all-time highs zone and started a corrective movement
b) Now, we will focus on the possible paths inside the correction
c) The main aspects we can see are: The ascending trendline has been broken / We have a clear edge for the corrective movement (parallel lines)
d) Based on those items, we expect a bearish movement towards the next relevant level ( Support / Resistance zone) 1800/1780
Tell us your view on the comments!
a) The price has reached the all-time highs zone and started a corrective movement
b) Now, we will focus on the possible paths inside the correction
c) The main aspects we can see are: The ascending trendline has been broken / We have a clear edge for the corrective movement (parallel lines)
d) Based on those items, we expect a bearish movement towards the next relevant level ( Support / Resistance zone) 1800/1780
Tell us your view on the comments!
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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.