Strong bullish movement ended at level 1568.73 forming wave (A) then corrective wave (B) is occurred until 61.8% Fibonacci level of preceding wave (A) at level 1548.78
price is rejected from this level
RSI broke downtrend
MACD shows bullish momentum
Price is supported on Moving Average 100
Above HVN at level 1552
It's expected forming strong bullish wave (C) to target the supply zone and 61.8% Fibonacci level of the main bearish wave at level 1582.15
price is rejected from this level
RSI broke downtrend
MACD shows bullish momentum
Price is supported on Moving Average 100
Above HVN at level 1552
It's expected forming strong bullish wave (C) to target the supply zone and 61.8% Fibonacci level of the main bearish wave at level 1582.15
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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.