On the above weekly chart price action has corrected over 90% since April 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action confirms support on past resistance. Look left.
3) Trend reversal. Price action replaces lower highs lower lows with higher highs and higher lows.
4) The forecast is taken from the flag pattern.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Time to long: Now
Return: 10x