Main items we can see on the chart:
a) The price is inside a major descending channel
b) We observed a bounce on the lower trendline of the channel
c) Currently, we can see the price inside a range (yellow lines)
d) We have two scenarios after the breakout of the structure
e) If you are interested in trading this analysis we will wait for the breakout and then we are going to look for corrective structures on the 30min chart
a) The price is inside a major descending channel
b) We observed a bounce on the lower trendline of the channel
c) Currently, we can see the price inside a range (yellow lines)
d) We have two scenarios after the breakout of the structure
e) If you are interested in trading this analysis we will wait for the breakout and then we are going to look for corrective structures on the 30min chart