Drew some trendlines out from the daily to see where the overall move is. And I see that price has broken the bearish trendline and may currently test that or the daily SR below before shooting back up.
Another confirmation was also formed at the 1 hour. There, a bullish harmonic has appeared where price has stopped on Friday. So we're waiting for that to complete to begin the uptick as well.
So here are the TPs from the current location:
BULL TPS:
BEAR TPS:
Another confirmation was also formed at the 1 hour. There, a bullish harmonic has appeared where price has stopped on Friday. So we're waiting for that to complete to begin the uptick as well.
So here are the TPs from the current location:
BULL TPS:
- 109.923
- 109.658
- 109.921
- 110.287
- 110.889
BEAR TPS:
- 109.002
- 108.481
- 108.235
- 107.917
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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.