Use this as a guide to develop your view.
Main items we can see on the weekly chart:
a)The price is on a significant support zone
b)We expect a reversal movement based on the previous situations
c)If the price goes up respecting previous structures that happened on the past, these are what we will be waiting
-Breakout of the descending trendline
-Corrective structure of 3 weeks at least, above the broken trendline or on its edge
-Our Target for the bullish movement will be the next resistance zone at 2.5
Main items we can see on the weekly chart:
a)The price is on a significant support zone
b)We expect a reversal movement based on the previous situations
c)If the price goes up respecting previous structures that happened on the past, these are what we will be waiting
-Breakout of the descending trendline
-Corrective structure of 3 weeks at least, above the broken trendline or on its edge
-Our Target for the bullish movement will be the next resistance zone at 2.5
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.