XEL is in an ABC correction and already reached the possible bounce area.
Needs to break the upper yellow trendline for a continuation of the new uptrend.
Might stay a bit shaky for the coming hours/day.
When it doesnt gow lower than this and breaks out, next target is on the left chart.
Needs to break the upper yellow trendline for a continuation of the new uptrend.
Might stay a bit shaky for the coming hours/day.
When it doesnt gow lower than this and breaks out, next target is on the left chart.
Comment:
Strong bounce out of the blue box after a Classic retest of the yellow trendline
