Price is moving in an ascending channel, the corrective pattern have been broken after testing the 50 level of Fibonacci. We can see lack of bearish momentum on MACD as we have a hidden divergence on it. Price has retested the broken pattern and now it has the potential to move higher.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.