1 On the monthly the market is in a up AB rejecting the 78.6 retracement level.
2 To confirm the market is bullish we need to break the daily trend line
3 the market to form a higher low
4 the market to form a new higher high

My first indication is a fake out on the 4 hour wish indicates the market is bullish.
daily hit the 127 Extension level so I expect a retracement to at least the 38.2 or 50 %
wish also is the retest of the triangle on the 4 hour

audusdlongChart PatternsTrend Analysis

Exención de responsabilidad