#Weekly chart clearly shows bull is in control as the wave formation is forming higher highs & a accending parallel channel pattern is in play
#Price is testing fib 76.4% retracement near uptrend line
However, the previous weekly candle close was bearish.
Trade idea - Wait for a bullish daily candle and go long with stop at the nearest support
#Price is testing fib 76.4% retracement near uptrend line
However, the previous weekly candle close was bearish.
Trade idea - Wait for a bullish daily candle and go long with stop at the nearest support