Well, we've got a clean setup with a range box, indicating a weakening bearish trend. There's an Elliott correction that seems to have completed and now the overall bullish trend is likely to resume.
We're seeing a strong uptrend on the weekly timeframe. The bullish BOS (Break of Structure) has been touched several times and looks exhausted now.
We've got a key Fibonacci level, which is the most important area right now. There are multiple order blocks around as well.
In short, I gave you a simple breakdown — go ahead, analyze it yourself and look for entries.
Wishing you all success and green trades!
We're seeing a strong uptrend on the weekly timeframe. The bullish BOS (Break of Structure) has been touched several times and looks exhausted now.
We've got a key Fibonacci level, which is the most important area right now. There are multiple order blocks around as well.
In short, I gave you a simple breakdown — go ahead, analyze it yourself and look for entries.
Wishing you all success and green trades!
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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.
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.