Longterm charts 1W/1D suggests market is transitioning into a trending phase as indicated by candle situation and MACD indicator, bulls momentum need to strengthen for longterm security but the foundation is there.
Shortterm charts 4h/1h/15m indicate bullish energy is sustainable but needs more momentum, positive side is trend time for bears is getting shorter and shorter which allow bulls to strengthen. Market express ability to sustain at minimum effort, may see some pullback but would not worry plan for a rally due to the coordination of the indicators and upcoming ECN. the 1M hi is the TP
Shortterm charts 4h/1h/15m indicate bullish energy is sustainable but needs more momentum, positive side is trend time for bears is getting shorter and shorter which allow bulls to strengthen. Market express ability to sustain at minimum effort, may see some pullback but would not worry plan for a rally due to the coordination of the indicators and upcoming ECN. the 1M hi is the TP
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.