Uptrend
As the chart indicates, the correction wave has been finished in PRZ between 50-61.8 Fib Ret. Also, it's located at the bottom of a channel.
You need a breakout from the descending trend line and confirming above 54 to get a buying position. Next targets could be about 60 and 74 .
Set up a good stop loss based on your strategy.
Good luck
As the chart indicates, the correction wave has been finished in PRZ between 50-61.8 Fib Ret. Also, it's located at the bottom of a channel.
You need a breakout from the descending trend line and confirming above 54 to get a buying position. Next targets could be about 60 and 74 .
Set up a good stop loss based on your strategy.
Good luck
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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.
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.