🔸Starting with the , we see that the price has been in a clear uptrend for months. We want to clarify that what we are seeing now is only a CORRECTION/RETRACEMENT, which is necessary to continue the rise in the future. We can identify this with the and the increasing highs and lows generated by the price.
🔸The area that generated this bounce is the confluence zone between the upper of the channel, and there is also a there, which can be better seen in the weekly chart:
🔸Although, as we said before, the trend is , there is the possibility of looking for a trade in the short term.
🔸For this, it is necessary to wait for a corrective structure or retest of the broken and then wait for a strong rejection. Once this happens, we will proceed to take a trade towards the next .
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