4H Chart Explanation:
- Price broke the Descending Channel and started a down move.
- It made a huge bounce from the Ascending Trendline.
- Now, it is above a Support Zone, trying to develop an ABC Corrective Structure.
- After that, price will move up towards the Pullback on the Descending Channel.
Weekly Vision:
Daily Vision:
- Price broke the Descending Channel and started a down move.
- It made a huge bounce from the Ascending Trendline.
- Now, it is above a Support Zone, trying to develop an ABC Corrective Structure.
- After that, price will move up towards the Pullback on the Descending Channel.
Weekly Vision:
Daily Vision:
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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.