On the D1 chart, a Diagonal is likely forming. Its standard target is 1514-1496. On the smaller H4 chart, a downward impulse from 1669 to 1567 has formed, followed by a Flat in wave b. This aligns well with the Diagonal. Doubts about this scenario will arise if the upper boundary of the D1 Diagonal is breached.
Note
D1 chart details:
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Telegram: t.me/NixTrading
Сигналы: NixService.net
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Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Related publications
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.