Today, we will take a look at the DIS chart:
A) The price is above a broken ascending channel which tells us about a bullish trend that has been accelerating
B) Finding Support on the cloned channel, we can see a clear corrective pattern (yellow lines)
C) From a Technical Perspective, this type of structure after the breakout tends to show continuation movements as the previous impulse.
D) The horizontal line is the activation level in which we consider our Analysis is active
E) We are using Fibo extensions to get an idea of possible Targets
F) The invalidation level is below the corrective structure.
A) The price is above a broken ascending channel which tells us about a bullish trend that has been accelerating
B) Finding Support on the cloned channel, we can see a clear corrective pattern (yellow lines)
C) From a Technical Perspective, this type of structure after the breakout tends to show continuation movements as the previous impulse.
D) The horizontal line is the activation level in which we consider our Analysis is active
E) We are using Fibo extensions to get an idea of possible Targets
F) The invalidation level is below the corrective structure.