After the massive impulse in the first half of 2021, we have been correcting ever since. We are approaching the bottom and price is making a really nice descending correction.
We are watching for the first impulse to break the red trendline to confirm that the bullish reversal has begun. We can see that we've also got divergence at play indicating a reversal is coming.
Trade Idea:
- Watch for the first bullish price action
- enter with stops below the lows
- Targets: 5.500, 7.500, 10, 12.500
Goodluck and as always, trade safe!
We are watching for the first impulse to break the red trendline to confirm that the bullish reversal has begun. We can see that we've also got divergence at play indicating a reversal is coming.
Trade Idea:
- Watch for the first bullish price action
- enter with stops below the lows
- Targets: 5.500, 7.500, 10, 12.500
Goodluck and as always, trade safe!
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