In time h2 and h4, after reaching the supply area, it has faced a correction, and this correction can be reversed in the green box area after floor formation and confirmation until the next supply area continues its growth. Therefore, in the green box area at time h1, you can look for confirmation.
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Comment:
Suitable entry areas are indicated in the chart. According to the corrective momentum, it seems that there should be another corrective microwave downwards, which can be entered in the specified areas with confirmation to continue the upward trend.
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Corrected according to the analysis of the last wave... Now look for confirmation of entry in low times.
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Stop Trail for $112.5
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The second entry point was fascinating. The profit limit is specified on the chart... trace the profit limit by touching each target.
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Touch the second target...
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It has made a triple correction in a descending channel, which should not create a lower floor at the moment and continue the upward path from the channel with the failure of Fibo 61.8. If $112.5 breaks and makes a new bottom, this analysis will be invalidated.
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According to the analysis, with the failure of the channel and its exit, it will have the targets of $125 and $131. A break of $125 in daily time is important for an upward path to $250 to $312.
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Both $125 and $131 targets were touched. To continue the path, the range of $125 should be maintained. So to continue climbing, watch for the next target.
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If there is a negative reaction, stop the trail.
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It was very nicely pumped. Enjoy your meal.
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After climbing to the specified area, it was reshaped with correction. Currently, the morning star can be seen in the green box marked 112.5 in the 8-hour time, which will have the ability to grow again to 125. But if the green box is broken, it will correct the previous spike candle bottom.
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The first target was touched.
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I mentioned the dollar index, Total 3 and Bitcoin, this should be the last corrective lag of the dollar index, which coincided with Total3 in the failure of Fibo 1.618.