Here's what I can gather from the chart right now:
The Minor Resistance zone has been strongly broken to the upside; we haven't seen good pullbacks to this level yet.
On the other hand, below the broken zone, there's a price gap toward the FVG, as indicated by the arrow.
Also, the pullback to the breakout level at 0.382 has not been completed, and no patterns have formed in that area!
So? When we analyze all the breakout factors, we see a very high chance of a correction.
Now, this correction could start from the confirmation level at 2.11 OR 2.05, or with an overextension, it could happen from the 2.3 zone.
Stay Awesome , CobraVanguard
The Minor Resistance zone has been strongly broken to the upside; we haven't seen good pullbacks to this level yet.
On the other hand, below the broken zone, there's a price gap toward the FVG, as indicated by the arrow.
Also, the pullback to the breakout level at 0.382 has not been completed, and no patterns have formed in that area!
So? When we analyze all the breakout factors, we see a very high chance of a correction.
Now, this correction could start from the confirmation level at 2.11 OR 2.05, or with an overextension, it could happen from the 2.3 zone.
Stay Awesome , CobraVanguard
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📥┃Sonic – The first TikTok App Layer 🎮 Join the gaming revolution! sonic.game
📥┃Advert/Partnership: t.me/Cobravanguardsupport
📥┃Sonic – The first TikTok App Layer 🎮 Join the gaming revolution! sonic.game
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.
📥┃Telegram: t.me/CobraVanguard
📥┃Advert/Partnership: t.me/Cobravanguardsupport
📥┃Sonic – The first TikTok App Layer 🎮 Join the gaming revolution! sonic.game
📥┃Advert/Partnership: t.me/Cobravanguardsupport
📥┃Sonic – The first TikTok App Layer 🎮 Join the gaming revolution! sonic.game
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.