Main items we can see on the chart:
a) The price has broken a Major descending channel (also can be seen as a flag pattern on the weekly chart)
b) Currently, we see a corrective Structure supported by the descending channel on the external side
c) The final confirmation we need for the bullish movement is a clear breakout of the corrective structure (purple lines)
d) If that happens we will be aiming for a minimum target of 13.000
a) The price has broken a Major descending channel (also can be seen as a flag pattern on the weekly chart)
b) Currently, we see a corrective Structure supported by the descending channel on the external side
c) The final confirmation we need for the bullish movement is a clear breakout of the corrective structure (purple lines)
d) If that happens we will be aiming for a minimum target of 13.000