Diamond formation
Last impulse move was to the upside on the daily and 4H chart thus after a small correction price should proceed in the direction of the last impulsive move to complete the pattern. Thus correction rejected on the 31 level of fibonacci adding another confluence to the setup for a long postion.
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.