Well, we've got a clean setup with a range box, indicating a weakening bearish trend. There's an Elliott correction that seems to have completed and now the overall bullish trend is likely to resume.
We're seeing a strong uptrend on the weekly timeframe. The bullish BOS (Break of Structure) has been touched several times and looks exhausted now.
We've got a key Fibonacci level, which is the most important area right now. There are multiple order blocks around as well.
In short, I gave you a simple breakdown — go ahead, analyze it yourself and look for entries.
Wishing you all success and green trades!
We're seeing a strong uptrend on the weekly timeframe. The bullish BOS (Break of Structure) has been touched several times and looks exhausted now.
We've got a key Fibonacci level, which is the most important area right now. There are multiple order blocks around as well.
In short, I gave you a simple breakdown — go ahead, analyze it yourself and look for entries.
Wishing you all success and green trades!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.