It might be "too early" but I am seeing here a perfect bullish impulse followed by a classic correction, this is matched by decreasing volume on the correction and hidden bullish divergence on the RSI.
This whole structure/pattern can lead to a new impulse, a 1,2,3,4,5 bullish wave, which would be the third wave of a higher degree.
The revealing signal truly is the volume.
It was rising as prices moved up and dropping as prices moved down, confirming the impulse/correction relationship.
In any case the risk is low and the upwards potential strong. This is not financial advice.
Additional details on the chart.
Namaste.
This whole structure/pattern can lead to a new impulse, a 1,2,3,4,5 bullish wave, which would be the third wave of a higher degree.
The revealing signal truly is the volume.
It was rising as prices moved up and dropping as prices moved down, confirming the impulse/correction relationship.
In any case the risk is low and the upwards potential strong. This is not financial advice.
Additional details on the chart.
Namaste.
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