After the break of the trendline that supported the upward movement in recent months, and the subsequent recovery, on Monday and Tuesday we witnessed the pullback on the same, with simultaneous formation of a bullish falling wedge. At this point the oscillators show evident divergences, which could anticipate a correction with the first TP in area 69.4
Note
Great sign of strength of the uptrend. At 71.8 and 72.30 we have two massive daily resistances, from which the correction could start. In any case it will be a long purchase opportunity.
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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.