On the weekly chart, we see that this is the third impulse of the Elliott pattern, after which a downward movement can be expected and the start of a bearish trend to a strong support zone.
This is also confirmed on the monthly chart, where the price reached the resistance zone and was rejected, and a retest of the support zone is expected.
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This is also confirmed on the monthly chart, where the price reached the resistance zone and was rejected, and a retest of the support zone is expected.
If you like ideas like this, please like and subscribe to this channel so as not to miss another technical analysis .
Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.