After a huge impulse that turned the monthly chart long, the countertrend is valid on the weekly and the daily.
As long as this daily short countertrend is valid, the next targets are the correction fibo levels and the weekly breakouts.
The primary long trend resumes above the last clean daily breakdown (green).
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Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors: Daily - blue Weekly - purple Monthly - magenta H4 - aqua Long trigger - green Short trigger - red
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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.