Price has been falling correctively since mid October, hitting a minimum requirement for a 3-wave corrective structure.
This gives us the bias in buying the previous metal, targeting a potential area between 17.51 to 17.94.
An impulsive break above the downtrend line structure will give us more conviction in our bullish bias.
Disclaimer - do your own due diligence and make sure you have a proper plan before trading.
This gives us the bias in buying the previous metal, targeting a potential area between 17.51 to 17.94.
An impulsive break above the downtrend line structure will give us more conviction in our bullish bias.
Disclaimer - do your own due diligence and make sure you have a proper plan before trading.
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Bình luận:
As long 16.61 level remains supported, we continue to expect more upside