4H CHART EXPLANATION:
On this timeframe, we observe that there was a Descending Channel that has been broken to the downside, breaking also the Support Zone and the Ascending Trendline. Before breaking this two zones, price did a corrective structure. The short term target is the Support Zone. The longer term vision is explained on the Daily Chart below.
DAILY CHART EXPLANATION:
On this timeframe, we observe that there was a Descending Channel that has been broken to the downside, breaking also the Support Zone and the Ascending Trendline. Before breaking this two zones, price did a corrective structure. The short term target is the Support Zone. The longer term vision is explained on the Daily Chart below.
DAILY CHART EXPLANATION: