It Seems to have broken out of a wedge, so my current expectation for it is to go up and retest the trendline on a higher timeframe, before making another impulse down.
Note
Trade closed: target reached
Target achieved!
Might not see another impulse down as price have broken above the target trendline. I will re-analyse the patterns and update what my view is next, given the new candles.
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.