As we can see price after that deep fall is bounded with this local support and resistance and ...
now we are looking for numbers like 40K or 50K as we mentioned before and both have the same possibility now.
Price needed that correction and dumps from major resistance zone and it happened but now 50MA of daily stop price from falling on price 42800 and it is in range zone for while.
Notice: we mentioned several local resistance and supports on the chart and why?
because by breaking each of these supports and resistance we can find out that price is going to follow which direction now.
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>
now we are looking for numbers like 40K or 50K as we mentioned before and both have the same possibility now.
Price needed that correction and dumps from major resistance zone and it happened but now 50MA of daily stop price from falling on price 42800 and it is in range zone for while.
Notice: we mentioned several local resistance and supports on the chart and why?
because by breaking each of these supports and resistance we can find out that price is going to follow which direction now.
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>
Note
Local support of 45600 touched and remains valid (Current price:46250)Note
daily view:
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Related publications
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.
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned messages in my telegram channel for more info.
Related publications
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.