Tracking two alternative scenarios for the coming weeks.
But as long as price remains below the November highs, the preferred expectation is for one more leg down to re-test the November lows, and ideally a deeper move toward the 64 support zone.
If price manages to break out above the November highs, I would still prefer to see additional consolidation and a proper handle formation to complete the base before considering the move a more sustainable breakout.
Chart:
https://www.tradingview.com/x/TsNDpMQR/
But as long as price remains below the November highs, the preferred expectation is for one more leg down to re-test the November lows, and ideally a deeper move toward the 64 support zone.
If price manages to break out above the November highs, I would still prefer to see additional consolidation and a proper handle formation to complete the base before considering the move a more sustainable breakout.
Chart:
https://www.tradingview.com/x/TsNDpMQR/
📊 Daily FREE Market Insights | Crypto + US Stocks
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📊 Daily FREE Market Insights | Crypto + US Stocks
⚡ Technical analysis, setups & commentary
🌍 t.me/MarketArtistryENG | 🇷🇺 t.me/marketartistry
⚡ Technical analysis, setups & commentary
🌍 t.me/MarketArtistryENG | 🇷🇺 t.me/marketartistry
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.