The price swiftly rebounded from the 54.50 level and is currently on an upward trajectory. If it successfully surpasses the 56.60-80 range and retraces to test the triangle, there is potential for a substantial rally, possibly reaching 59 or even 62. On the other hand, there is the possibility of the price staying confined within the triangle. In the event of a correction, it is advisable to await a favorable entry point in the 50-51 range.
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.