Bullish Divergence.
Weekly Closing above 51.30 - 51.50
would be a healthy sign.
However, 55 is an Important Resistance level.
immediate targets if 51.50 is Crossed & Sustained
will be around 55 & then 58.
Since it is moving in a range, so both sides must be
kept in mind.
Support Zone is around 45 - 47. & this time if it
breaks 44, we may witness further downside. which is
(for the time being) negligible because of Bullish Divergence.
MM - House of Technicals
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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.
MM - House of Technicals
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.