Main items we can see on the chart:
a) The price is inside a Macro Correction
b) Currently, the price is on the lower trendline of the correction
c) We can draw a descending trendline of the last movement
d) If the price breaks above our green arrow, we expect a bullish movement towards the higher trendline of the macro structure
a) The price is inside a Macro Correction
b) Currently, the price is on the lower trendline of the correction
c) We can draw a descending trendline of the last movement
d) If the price breaks above our green arrow, we expect a bullish movement towards the higher trendline of the macro structure
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.