Use this as a guide to develop your view.
Main items we can see on the Daily Chart
a)The first target of our previous forecast was achieved, and we are expecting a small correction now.
b)We think this correction will be above the descending trendline or on its edge
c)Our Major bullish target, still the higher trendline of the corrective Channel (yellow lines)
d)Our Macro view is that the corrective channel is a wave 2 or B and a new motive wave should come after the breakout, maintaining proportions with the previous motive wave and the current corrective structure (yellow channel)
Main items we can see on the Daily Chart
a)The first target of our previous forecast was achieved, and we are expecting a small correction now.
b)We think this correction will be above the descending trendline or on its edge
c)Our Major bullish target, still the higher trendline of the corrective Channel (yellow lines)
d)Our Macro view is that the corrective channel is a wave 2 or B and a new motive wave should come after the breakout, maintaining proportions with the previous motive wave and the current corrective structure (yellow channel)
