#Weekly chart clearly shows bull is in control as the wave formation is forming higher highs & a accending parallel channel pattern is in play
#Price is testing fib 76.4% retracement near uptrend line
However, the previous weekly candle close was bearish.
Trade idea - Wait for a bullish daily candle and go long with stop at the nearest support
#Price is testing fib 76.4% retracement near uptrend line
However, the previous weekly candle close was bearish.
Trade idea - Wait for a bullish daily candle and go long with stop at the nearest support
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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.