Use this as a guide to develop your view.
Main items we can see on the Daily Chart:
a)The Main structure we will be working with is the Massive Correction (yellow lines). The price is moving inside it.
b)Now that we have a clear Flag Patter we can work with the inner movements
c)We can see a Descending Trendline. Currently, the price has broken it and is above it
d)After any Structure is broken we always wait for a new corrective Structure (check the link to related ideas)
e)The Corrective Structure we are waiting for is almost ready. We need "C" to reach the lower zone of "A" at least
f)Once that happens we will consider that we are in front of a High-Quality Setup
g)The Breakout of the ABC pattern with a bullish movement will give us a Target of $9100
We will update this Idea, and we will make a new post about how we are going to trade the movement.
Main items we can see on the Daily Chart:
a)The Main structure we will be working with is the Massive Correction (yellow lines). The price is moving inside it.
b)Now that we have a clear Flag Patter we can work with the inner movements
c)We can see a Descending Trendline. Currently, the price has broken it and is above it
d)After any Structure is broken we always wait for a new corrective Structure (check the link to related ideas)
e)The Corrective Structure we are waiting for is almost ready. We need "C" to reach the lower zone of "A" at least
f)Once that happens we will consider that we are in front of a High-Quality Setup
g)The Breakout of the ABC pattern with a bullish movement will give us a Target of $9100
We will update this Idea, and we will make a new post about how we are going to trade the movement.
