TP = 87.514 hit as the 1H Channel Down (Highs/Lows = -0.8521, B/BP = -1.1820) made a Lower Low at 73.475. The price will now enter a short sideways consolidation Rectange (5H already neutral on ADX, CCI, Highs/Lows), on a recurring Channel Down/ Rectangle sequence as you see on the chart. TP = 70.855.
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.