The weekly chart stands at value
The impulse is blue, which means the selling is over.
The daily chart shows some testing and retesting, I have explained it on the chart. The impulse turned green yesterday, and I bought at the current price.
If at the previous high, 2.3, I will see a bearish setup, I will exit my position and consider shorting. If however, there will be only slight wobbling without serious bearish implications, I will keep my position till the previous major high is reached at almost 2.4
The daily chart shows some testing and retesting, I have explained it on the chart. The impulse turned green yesterday, and I bought at the current price.
If at the previous high, 2.3, I will see a bearish setup, I will exit my position and consider shorting. If however, there will be only slight wobbling without serious bearish implications, I will keep my position till the previous major high is reached at almost 2.4