4H Chart Explanation:
- Price broke the Descending Channel.
- Price is on the Weekly Ascending Trendline (Bottom of the Triangle Pattern) and have tested it 4 times.
- If price bounces from here, it has a long potential movement towards the Resistance Zones.
- The next Resistance Zone is 123.22, the next one is 125.044 and the last one is 126.764.
The Weekly and Daily Analysis also supports that idea. Take a look!
Weekly Vision:
Daily Vision:
- Price broke the Descending Channel.
- Price is on the Weekly Ascending Trendline (Bottom of the Triangle Pattern) and have tested it 4 times.
- If price bounces from here, it has a long potential movement towards the Resistance Zones.
- The next Resistance Zone is 123.22, the next one is 125.044 and the last one is 126.764.
The Weekly and Daily Analysis also supports that idea. Take a look!
Weekly Vision:
Daily Vision: