The chart shows a P wave pattern, and the price is almost reaching the P wave target (E) but rebounded at the 0.735 level. The price needs to breakout the turning point (D) to continue rising and to reach the Fibonacci levels as targeted price. Candlestick is above the "Kumo" but the death cross might occur if price continue downward.
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.