On a daily time frame, the market is on a bearish wedge (Correction), where it well known that, after a correction there's a continuation of the previous trend.
On a lower TF, we see a good zig zag correction and a potential impulse in a leading diagonal form and the price is testing a good fib level. Therefore, we're looking for an upside move in a continuation to the previous move.
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.