On the monthly charts, we have a consolidation around a strong demand level.
On the weekly timeframe, we do not have a clear direction though the market seems to be pushing higher to mitigate inefficiencies at the 107-115 levels.
Dropping down to the 4-hour chart, we have a bullish bias targeting 77-90 levels.
Change of character plus flip zones in addition to multiple breaks of structures inform our bullish bias.
Once we cross into 2024, we expect a further slide down to the unmitigated zones in yellow or green to collect buy orders before pushing higher.
On the weekly timeframe, we do not have a clear direction though the market seems to be pushing higher to mitigate inefficiencies at the 107-115 levels.
Dropping down to the 4-hour chart, we have a bullish bias targeting 77-90 levels.
Change of character plus flip zones in addition to multiple breaks of structures inform our bullish bias.
Once we cross into 2024, we expect a further slide down to the unmitigated zones in yellow or green to collect buy orders before pushing higher.
Trade chiuso: obiettivo raggiunto
From the analysis the trade hit out projected TP. A further bullish move is expected
Public Telegram https://Channel-https://t.me/+tHtXm4RsF7Q4YWE0
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Public Telegram https://Channel-https://t.me/+tHtXm4RsF7Q4YWE0
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.