Formed patterns define a kind of perspective for us.
Keep in mind that as long as the price range of $1592.81 is maintained, we will not have the mindset to form a corrective trend, so the upward trend can continue up to the white range ($2191.67).
But if the current trend is lower than the price range ($1592.81), there is a possibility of forming a corrective trend similar to the drawn scenario.
We would be happy to hear your comments.
Keep in mind that as long as the price range of $1592.81 is maintained, we will not have the mindset to form a corrective trend, so the upward trend can continue up to the white range ($2191.67).
But if the current trend is lower than the price range ($1592.81), there is a possibility of forming a corrective trend similar to the drawn scenario.
We would be happy to hear your comments.
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.
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.