Tested previous structure, both horizontal support and trend line acting as support;
With a bullish prespective, expectation of an upward movement, eventualy to go test previous structure higher highs from April around $12156
At the same time, with a short-term bearish prespective, we have one bullish cypher to complete around $11971, also previous minor structure resistance, turned support, creating one eventual buy option. (IF=THEN)
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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