This is a quick Update on our daily chart setup that we have been following for a while now. As you can see this is the third challenge to 1804 structure support, which held out perfectly maintaining the Bullish structure. Although price went lower but the daily candle closed above 1804 and EMA5 failed to break 1804 structure support.
LONG TERM BULLISH TARGETS 1832, 1844, 1858
1804 IS THE STRUCTURE SUPPORT . This level is maintaining the overall BULLISH structure. The trendline support is broken so although 1804 held well, we may see another challenge and keep in mind a break below 1804, which is still within range, has the potential to open up a whole new range below.
As always we will keep this chart updated with any changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it!
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