Main items we can see on the chart:
a) The price has re-entered a broken ascending channel (yellow lines)
b) After that, we observed a corrective formation above it (purple lines)
c) We expect a bullish resolution of this correction based on Technical Analysis Theory
d) Target is the next Resistance zone
a) The price has re-entered a broken ascending channel (yellow lines)
b) After that, we observed a corrective formation above it (purple lines)
c) We expect a bullish resolution of this correction based on Technical Analysis Theory
d) Target is the next Resistance zone
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.