W TIME FRAME:
In the long term, we have two scenarios
Because it is higher than the key level of 9.85, it is going to grow towards the growth target of 16.60 even though there is a temporary drop? Or not, it is supposed to break the support and fall to the drop target of 4.86
The smart thing is that in the short term, we consider the drop to be temporary for the time being until the support of 9.85 and the growth to be continued until the target of 16.690.
D & 4H TIME FRAME:
In the daily time frame, we see a growth within an BULLISH channel and a divergence on the HIGH of this channel.
Currently, it has entered a SIDE range in the form of a symmetrical triangle, and exiting this range from above or below (in the 4-hour time frame) determines the direction of the next move.
1H TIME FRAME:
In this time frame, we see an expanded triangle, next to which there is a potential for divergence, in case of breaking the BEARISH trend line, it can make a LOW and grow.
If it stabilizes under the lower arm of the triangle, it is possible to look for confirmation of SELL in pullbacks to the targets I mentioned.
If this content was useful for you, don't forget to like and comment
In the long term, we have two scenarios
Because it is higher than the key level of 9.85, it is going to grow towards the growth target of 16.60 even though there is a temporary drop? Or not, it is supposed to break the support and fall to the drop target of 4.86
The smart thing is that in the short term, we consider the drop to be temporary for the time being until the support of 9.85 and the growth to be continued until the target of 16.690.
D & 4H TIME FRAME:
In the daily time frame, we see a growth within an BULLISH channel and a divergence on the HIGH of this channel.
Currently, it has entered a SIDE range in the form of a symmetrical triangle, and exiting this range from above or below (in the 4-hour time frame) determines the direction of the next move.
1H TIME FRAME:
In this time frame, we see an expanded triangle, next to which there is a potential for divergence, in case of breaking the BEARISH trend line, it can make a LOW and grow.
If it stabilizes under the lower arm of the triangle, it is possible to look for confirmation of SELL in pullbacks to the targets I mentioned.
If this content was useful for you, don't forget to like and comment