We are still, at the very least, in a retracement of the last impulse. The RSI is surpassing the uptrending 13 and 55 MAs, which indicates that the price may reach the 55 MA.
Due to the weekly structure, it is most likely that the price will break those levels and reach the next resistance (the pivot point at 113.x). We might observe an accumulation/distribution zone to reassess this trading setup.
Due to the weekly structure, it is most likely that the price will break those levels and reach the next resistance (the pivot point at 113.x). We might observe an accumulation/distribution zone to reassess this trading setup.
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