4H CHART EXPLANATION:
After breaking up the Resistance Zone, price started moving sideways. It has recently broke the Bottom of the range, consolidating below on a pullback to the zone and breaking it downwards. Our short term target of this movement is the Confluence Zone between the Support Zone and the Ascending Trendline. And, in case this zone is broken, then the Long term targets are explained on the higher timeframes.
DAILY CHART ANALYSIS:
After breaking up the Resistance Zone, price started moving sideways. It has recently broke the Bottom of the range, consolidating below on a pullback to the zone and breaking it downwards. Our short term target of this movement is the Confluence Zone between the Support Zone and the Ascending Trendline. And, in case this zone is broken, then the Long term targets are explained on the higher timeframes.
DAILY CHART ANALYSIS: