-Daily Chart Explanation:
On Daily Timeframe, we observe that the bearish corrective structure resolved as expected, moving downwards. At this moment price is about to face the first Support Zone. It may bounce and correct a little here but we consider it is just a corrective movement to start another impulse. The main taraget is the Support Zone at 25.
On related ideas you can see how we predicted the beggining of the downside move!
-Weekly Timeframe:
On Daily Timeframe, we observe that the bearish corrective structure resolved as expected, moving downwards. At this moment price is about to face the first Support Zone. It may bounce and correct a little here but we consider it is just a corrective movement to start another impulse. The main taraget is the Support Zone at 25.
On related ideas you can see how we predicted the beggining of the downside move!
-Weekly Timeframe:
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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.
Related publications
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.