Main items we can see on the chart:
a) The price is inside a massive Daily Correction (yellow channel)
b) Currently, the price is on the upper trendline of the channel
c) There we can see a corrective structure
d) We consider that structure as a key formation to define the direction of the asset
e) We have two scenarios on the chart, if the price reaches the line either for the Long or Short scenario, we will consider it as a confirmation of the new movements, in which we will wait for similar movements like the one drawn on the chart.
a) The price is inside a massive Daily Correction (yellow channel)
b) Currently, the price is on the upper trendline of the channel
c) There we can see a corrective structure
d) We consider that structure as a key formation to define the direction of the asset
e) We have two scenarios on the chart, if the price reaches the line either for the Long or Short scenario, we will consider it as a confirmation of the new movements, in which we will wait for similar movements like the one drawn on the chart.
