W1 - Price is bouncing higher from a key support zone formed by the 100% Fibonacci expansion level of the first wave.
Bullish divergence.
H4 - Bullish trend pattern.
Higher highs.
Bullish hidden divergence.
Until the two strong support zones hold my view remains bullish here.
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.