As we can see, market structure shows quite an advanced form of an uptrend.
Price action shows market trapped within a defined range created by the last impulsive move.
Market on the daily is slowly retracing to the 62% retracement level where we can see a move to the upside.
Again a falling wedge pattern is observed on the retracement.
Price action shows market trapped within a defined range created by the last impulsive move.
Market on the daily is slowly retracing to the 62% retracement level where we can see a move to the upside.
Again a falling wedge pattern is observed on the retracement.