After price correction and a downward movement that touched the 600 and 300 moving averages on the 4H chart, with a subsequent strong bullish candlestick reversal and a breakout above the MA200, we can expect the bullish trend to continue respecting the Fibonacci levels. In the coming week, upon the first touch of the 3350 price level, we may enter a long position. The price could potentially extend even beyond the specified level, reaching the 1.618 Fibonacci extension. The first target at 3396 seems the most probable scenario...
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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.