I've found a Gartley Armonic Pattern that can fit into this scenario. (1 and 4h chart)
We might expect a rise till a 38,2% of fibonacci level based on AD segment. (around +16,2% bullish trend).
It's also bouncing on a price structure that can support this theory. (yellow line)
Volumes were good, and by now there aren't sign on a significant bearish trend. (Sell volumes are low, and RSI is quite balanced).
DISCLAIMER:
that is just my personal opinion and analysis, don't use it as a financial advise, just educational purpose.
Have a great trading day! ;)
We might expect a rise till a 38,2% of fibonacci level based on AD segment. (around +16,2% bullish trend).
It's also bouncing on a price structure that can support this theory. (yellow line)
Volumes were good, and by now there aren't sign on a significant bearish trend. (Sell volumes are low, and RSI is quite balanced).
DISCLAIMER:
that is just my personal opinion and analysis, don't use it as a financial advise, just educational purpose.
Have a great trading day! ;)