On the D1 chart, an accumulation with a Point of Control (POC) at 63246 is forming. This is key for predicting the following swings. The marginal zones outline two trading areas:
Buying in the range of 54183-57204.
Selling in the range of 67777-69287.
Considering the previous accumulation at POC 59604, the realization of the first scenario is more likely, as the second marginal target has not been met.
The advantage of the second scenario is the possibility of forming a Diagonal wave pattern, which would increase predictability for the coming months.
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