Hbull
2025-01-03
Category: None

Here we have a bull flag which we could also consider as a channel if price rejects again at the top of the channel. If it breaks through the channel, it would potentially hit 0.32639 and the second target is 0.36608.
We also see price is currently on the 0.382 zone of fibonacci retracement, which means that we could se price hit that zone and bounce from it, or in another scenario, break that zone (0.382) and go to the golden zone which is also the bottom of the channel. If the second scenario happens than we would check if it's a good time to take position in that zone.