Hey Traders,
After consolidating for quite a while, the price had finally managed to continue its bearish impulsive movements and drop to the downside. As per usual, after a strong impulsive move, a correctional move is needed.
Thus, looking at the Daiy timeframe chart, we can clearly observe that the price is consolidating and forming a possible bottom from where it might keep potentially rising to the upside.
Safe Trade!
After consolidating for quite a while, the price had finally managed to continue its bearish impulsive movements and drop to the downside. As per usual, after a strong impulsive move, a correctional move is needed.
Thus, looking at the Daiy timeframe chart, we can clearly observe that the price is consolidating and forming a possible bottom from where it might keep potentially rising to the upside.
Safe Trade!