Falling wedge with the 0,71 Fib. level
Bullish divergence on the MACD + signal line
0,78 Fib. level would also be a PP S2.
Bullish divergence on the MACD + signal line
0,78 Fib. level would also be a PP S2.
Note
Probably a false break out to the downside of the wedge. Price came directly back in it. We need to watch the price actions and market structure to see if the analysis stay valid.
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Disclaimer
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.