🛢As I predicted in the previous post the dips, this time it is time for an upward scenario:
🛢We are at a key point in the level.
🛢A strong support zone determined by the 0.618 level of the entire upward wave and the points where the price has reacted in the past.
🛢Also we are at the lower edge of the downtrend channel, which undercuts the possibility of an upward breakout.
🛢I have determined the resistance zone based on the 0.236 level of the entire upward wave and the points where the price has previously stopped multiple times.
🛢The scenario I am playing out is a breakout from the support zone and a retest of the resistance zone.