HTF - The market is moving nicely and steadily upwards in an ascending channel since May of 2021.
-> 2 weeks ago the market touched the top of the daily ascending channel, and reacted from it, last week the price in very impulsive phases pushed the market down to the bottom of the daily Ascending channel and on Friday the price reacted from that level, indicating possible bullish momentum.
LTF - In my perspective in order for the market to reverse back to bullish a correction must appear and break confirming further bullish momentum.
-> 2 weeks ago the market touched the top of the daily ascending channel, and reacted from it, last week the price in very impulsive phases pushed the market down to the bottom of the daily Ascending channel and on Friday the price reacted from that level, indicating possible bullish momentum.
LTF - In my perspective in order for the market to reverse back to bullish a correction must appear and break confirming further bullish momentum.
