We are currently moving within this channel, with a very big bounce potential to the upside. There is a previous swing low, established last time and it is very unlikely, that we break this level on the first time. I would target 0.618fib level as a profit target.
If you like this technical analysis , please hit the like button and follow me for more of these ideas!
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.