Main items we can see on the chart:
a) The price has been inside a Daily Flag Pattern / Descending Channel for more than a year
b) Last 2 months we saw a corrective Structure on the Edge of the Descending channel and we created two possible scenarios (Long and Short)
c) The confirmation for the Long Scenario was the breakout of the upper side of the corrective Structure
d) Based on that we expect a continuation of the bullish movement towards the next Resistance Zone 1
e) That is an important level (as you can see on the past, the price found resistance there)
f) On the Resistance Zone, we will expect a corrective Structure either above or below
g) Our Final Target for this breakout will be the Resistance Zone 2 where we expect a new correction
a) The price has been inside a Daily Flag Pattern / Descending Channel for more than a year
b) Last 2 months we saw a corrective Structure on the Edge of the Descending channel and we created two possible scenarios (Long and Short)
c) The confirmation for the Long Scenario was the breakout of the upper side of the corrective Structure
d) Based on that we expect a continuation of the bullish movement towards the next Resistance Zone 1
e) That is an important level (as you can see on the past, the price found resistance there)
f) On the Resistance Zone, we will expect a corrective Structure either above or below
g) Our Final Target for this breakout will be the Resistance Zone 2 where we expect a new correction
