The daily chart is forming a falling wedge pattern. Price is still trading within an ascending channel pattern. We are fighting with previous RANGE HIGH right now. There is an Aqua Box to support the price in case we fall. Closing above the RANGE HIGH and we got a chance to break the falling wedge pattern and trade higher.
Line T is showing an uptrend.
Line B resistance flipped to support.
Line X is next resistance and Line M is a major resistance.
Aqua Box is now acting as a major support area.
Golden Ratio is sitting exactly near Line M. So, We will take full profit there.
After a massive rally last week, It retraced to 0.618 fib level and bounced off MA100 support.
As it is breaking out I would like to see establish support near POC area, to claim the above levels.