A breach of the established harmonic pattern by CLHO will be confirmed upon surpassing Fibonacci level 8.3. Subsequently, a clear trajectory towards the preceding high at level 9 is anticipated. A retest of Fibonacci level 8.3 may then occur prior to a potential breach of the harmonic pattern target. A bullish trend is expected in the short term. Should level 9 be exceeded, a bullish trend is projected for the medium term.
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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.