This is a monthly timeframe analysis . After a Triangle Breakout, it hit the target and now retracing for the next movement . Levels $5-$6 acted as crucial support from the month of June . For further up move we can expect the price to consolidate some time and retest the demand zones (Support Zone Order Block) for a further up move . It might or not take a 3-4 years (2025-2026) to achieve its next target ($12).
Note : This is just an analysis post based on the price action pattern for a decade and half(2008-2022) and not a trading idea itself .
Congratulations and well done for sharing your first idea with the community. Hope you will be having great experience. Thanks for your contribution. From mod @Bravetotrade
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade