On a daily chart we have correction in a form of "ugly" triangle.
Three candles ago the resistance line was breakthrough
and now the price tests it.
Moreover on a H1 chart we see uptrend around $35 from $1480 to $1515.
Yesterday starts a correction of this movement and today the price reach 38,2 Fibo level.
To this we can add a very typical "phenomenon" in the financial markets, namely Stop Hunting.
The price has reached $ 1502.5 which is exactly $ 0.7 below the lowest correction value.
Three candles ago the resistance line was breakthrough
and now the price tests it.
Moreover on a H1 chart we see uptrend around $35 from $1480 to $1515.
Yesterday starts a correction of this movement and today the price reach 38,2 Fibo level.
To this we can add a very typical "phenomenon" in the financial markets, namely Stop Hunting.
The price has reached $ 1502.5 which is exactly $ 0.7 below the lowest correction value.
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade