Hello everybody!!! How are you? Good i hope! God bless!! Today as you can see on the graph we are in an uptrend and we are not going against this trend. In addition, we have a spring effect on the support line. This means that we have a very high probability that the market will continue to rise with strength especially if we also have the break of the resistance line by a large green candle and followed by a large green volume. But, it is advisable for us to be vigilant because there can also be a reversal of the trend if and only if the vwap indicator as well as the support line are forcefully broken by a large red candle and accompanied by a large red volume. Thank you for your attention.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.