D1 - Bullish trend pattern, currently it looks like a retrace is happening, bullish divergence.
H4 - The retrace is happening in the form of double wave down, while measuring the first wave we have two buy zones that has formed based on the 38.2% fibonacci retracement zone and the 61.8% fibonacci expansion level and the 50% fibonacci retracement level and 100% fibonacci expansion level.
The price is currently holding in the first buy zone, we also have bullish divergence. Until these two buy zone holds my view remains bullish here.
H4 - The retrace is happening in the form of double wave down, while measuring the first wave we have two buy zones that has formed based on the 38.2% fibonacci retracement zone and the 61.8% fibonacci expansion level and the 50% fibonacci retracement level and 100% fibonacci expansion level.
The price is currently holding in the first buy zone, we also have bullish divergence. Until these two buy zone holds my view remains bullish here.
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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.