Today we will consider 4 hours in order to take a broader look at the picture of the asset's movement.
Once again, we have come to the 60,000 zones and cannot break through it. On the one hand, we have a consolidation, on the other, we get a narrowing triangle. We see horizontal movement and a working range of 56,000 -60,000.
From the previous idea, we worked out the second part of the forecast - sideways movement. They did not reach the 5th point (the end of the 5th wave), they failed to break through 60,000.
We are observing, so far, neutral. There is no pronounced focus.
Once again, we have come to the 60,000 zones and cannot break through it. On the one hand, we have a consolidation, on the other, we get a narrowing triangle. We see horizontal movement and a working range of 56,000 -60,000.
From the previous idea, we worked out the second part of the forecast - sideways movement. They did not reach the 5th point (the end of the 5th wave), they failed to break through 60,000.
We are observing, so far, neutral. There is no pronounced focus.