Since the beginning of January 2021, the price has been creating an interesting , getting many rejections on the at about 1400.
Every time, the price made a higher low and that confirmed our chart pattern.
On the 2nd of February 2021, the price finally broke through the main , pushing up until the level at about 1750.
The market is currently overbought and there is a good chance to see a trend correction until a re-test on the level 1400/1430.
The price is currently moving in an interesting situation, I usually like trading this pattern and I'll be waiting for the price to re-test the main S/R zone before planning my long position on this trade.
My possible target would be the reflection of its first wave of its , that means I'm confident to see the price reaching soon the level at about 1900! I'll update soon this idea.
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⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
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