Very clear setup from a technical point of view:
-Weekly low test candle showing potential reversal
- Daily Continuation wedge formation was completed after a tweezer bottom rejected the Daily 50EMA and a rejection of the 0.618 Fib .
- Intraday path of least resistance to the upside
Target at 1.618 fib extension at the 110 dollar area
-Weekly low test candle showing potential reversal
- Daily Continuation wedge formation was completed after a tweezer bottom rejected the Daily 50EMA and a rejection of the 0.618 Fib .
- Intraday path of least resistance to the upside
Target at 1.618 fib extension at the 110 dollar area