Price reversed from a resistance zone and broke out of ascending wedge.
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Price has made a corrective structure and retested the broken structure that lined up with resistance level, 3rd rejection of minor descending trend line, 61.8 Fib ratio and moving average.
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Considering that price has broken corrective structure CTL, the price has the potential to move downward towards support zone.
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Best of luck on the chart!
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Price has made a corrective structure and retested the broken structure that lined up with resistance level, 3rd rejection of minor descending trend line, 61.8 Fib ratio and moving average.
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Considering that price has broken corrective structure CTL, the price has the potential to move downward towards support zone.
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Best of luck on the chart!