Price is moving inside of ascending channel. Overall trend is down so this is correction of previous impulse.
Note
Pattern formation in progress.Note
Note
Sell flag breakout.Note
Possible break to up side and long opportunity.Note
Price broke leading diagonal and now its in up trend. Long opportunities.Note
Possible price movement up to 61.8% before start of impulse. Note
Possible deeper correction to 61.8% before continuation to up side.
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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.