Price is showing a constructive, low-volume pullback into rising EMAs - a healthy sign within an ongoing uptrend as long as price is holding above 118-110 support zone.
Daily trend structure:
Macro trend structure (Weekly):
Thank you for your attention and I wish you successful trading decisions!
Daily trend structure:
Macro trend structure (Weekly):
Thank you for your attention and I wish you successful trading decisions!
Note
As long as price remains below today’s high, I can’t rule out one more downside move early next week toward the 117–113 support zone before the next potential upleg.
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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.