As we can see on the chart, price consolidated above major support zone taken from the monthly chart.
If we zoom in to the weekly time frame, we can see a false break from the recent lows and rejection from the bottom of the channel.
If we zoom in to the daily time frame, we can see a "V shape" and a small retracement above the previous weekly lows, suggesting price will continue further up.
Best of luck :-)
If we zoom in to the weekly time frame, we can see a false break from the recent lows and rejection from the bottom of the channel.
If we zoom in to the daily time frame, we can see a "V shape" and a small retracement above the previous weekly lows, suggesting price will continue further up.
Best of luck :-)