Hello traders, Here I have checked the 4H chart !
The price has had a correction move
after a long time peaceful,
I predicted in my previous analysis and
we got the price action!
After the short correction
the price is ready for a new up wave.
Since price has hit a fibo support(618%) ,
there has been signals of downtrend slowing .
The candlesticks are showing the beginnings of
a change of command from bears to the bulls.
I believe that price has found a true bottom.
I am expecting an up move up to begin, to reach
target of at least 4.3.
If price successfully breaks pressure level at 4.3,
price could extend further to the highs.
I will be updating this analysis if it exceeds 30 likes.
The price has had a correction move
after a long time peaceful,
I predicted in my previous analysis and
we got the price action!
After the short correction
the price is ready for a new up wave.
Since price has hit a fibo support(618%) ,
there has been signals of downtrend slowing .
The candlesticks are showing the beginnings of
a change of command from bears to the bulls.
I believe that price has found a true bottom.
I am expecting an up move up to begin, to reach
target of at least 4.3.
If price successfully breaks pressure level at 4.3,
price could extend further to the highs.
I will be updating this analysis if it exceeds 30 likes.
Note
Note
+10%Note
Note
4.00 breakNote
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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.