Hello my friend 🐺 .
In this idea I want to talk about FIL and the possible price targets for the short term and the mid term so make sure to read this idea until the end .
let's began with the weekly chart :
As you can see in the picture above ; EMA Ribbon is starting to flip bullish and also price is currently above a very strong weekly support which shown by purple color.
also if we zoom in a little bit and look at the daily time frame we can see a AB=CD pattern or also you can call it as a bull flag which is also a continuation pattern .
the possible mid term target is around 16.8 , something about 80% higher than the current price also it's below a weekly resistance area .
the short term target is :
as you can see we have a clear invers H&S pattern in the 4H timeframe and price is trying to break above the neck line and also the 4H downward sloping trend line which is shown by orange line .
the possible price target for the immediate short term is something between 0.618 and 0.718 fib level ; so guys don't forgot to like and follow me for more chart updates and my next ideas .
have nice day 🐺
In this idea I want to talk about FIL and the possible price targets for the short term and the mid term so make sure to read this idea until the end .
let's began with the weekly chart :
As you can see in the picture above ; EMA Ribbon is starting to flip bullish and also price is currently above a very strong weekly support which shown by purple color.
also if we zoom in a little bit and look at the daily time frame we can see a AB=CD pattern or also you can call it as a bull flag which is also a continuation pattern .
the possible mid term target is around 16.8 , something about 80% higher than the current price also it's below a weekly resistance area .
the short term target is :
as you can see we have a clear invers H&S pattern in the 4H timeframe and price is trying to break above the neck line and also the 4H downward sloping trend line which is shown by orange line .
the possible price target for the immediate short term is something between 0.618 and 0.718 fib level ; so guys don't forgot to like and follow me for more chart updates and my next ideas .
have nice day 🐺