There is no explanation more than the pattern it is showing us. It need more time to discuss about this chart but what I can see is a start of wave 3 which I always look for in the market. Thanks
Trade active
It is strongly on the wave bullish wave 3.
Enjoy that
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.