This upper trend channel line is well tested and gives good support for the next upmove.
This upmove will be strong since a long established channel will be left.
The situation reminds of ethusd correction in autumn on a larger time scale.
The present dash corrective move is a triangle, we are in wave e, which itself has an abcde pattern, which is almost finished (we are in small d)
This upmove will be strong since a long established channel will be left.
The situation reminds of ethusd correction in autumn on a larger time scale.
The present dash corrective move is a triangle, we are in wave e, which itself has an abcde pattern, which is almost finished (we are in small d)