has been trading within a 1D Channel Up ( RSI
@ 56.792, MACD
@ 1.060, Highs/Lows @ 0.0000). It is currently on the inner support zone
and may rebound although the technical Higher Low extension is seen lower. As seen on the chart it has been repeating a very specific pattern where a 4H Channel Up is followed by a longer but less aggressive pull back. The price is currently on this pull back phase where it may rebound now back to 60.00 before a new drop
within 57.50 - 58.00 for the Higher Low. We are buying both of these lows with TP = 63.00 (Higher High based on the H/H minimum difference).
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