The correction sequence is quite similar in price action with the January 15 - 22 fractal . That formation completed its correction when the price broke above the 4H MA50 (blue trend-line) and started a Channel Up rise that hit the 0.618 Fibonacci retracement level. Even the RSIs of the two fractals seem to have a similar bottom formation.
As a result, if you are looking for a medium-term trade for April, wait and buy when the price breaks above the 4H MA50 and target the 0.618 Fib at 0.3000.
On other (fundamental) news, the NWC team announces that in collaboration with Bybit, they are releasing a new education section on Leverage Trading.
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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.