The structures are still the same as what we saw in Friday’s session. We are currently in a minor consolidation zone, so if the market faces rejection near the immediate resistance, we can expect a retracement of around 38% to 50% in the minor swing.
On the other hand, if the market breaks the immediate resistance with a solid structure, then it could reach the next resistance level with the strong bullish bias.
On the other hand, if the market breaks the immediate resistance with a solid structure, then it could reach the next resistance level with the strong bullish bias.
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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.