🔸WEEKLY CHART EXPLANATION:
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🔸Price bounced at the Confluence Zone between the Ascending Channel and the Resistance Zone.
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🔸It did a strong downside move breaking the Support Zone (now Resistance Zone).
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🔸It has retested the zone again and we observe that was a strong rejection there. We consider that it has potential to reach the Ascending Trendline
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
.
.
🔸Price bounced at the Confluence Zone between the Ascending Channel and the Resistance Zone.
.
🔸It did a strong downside move breaking the Support Zone (now Resistance Zone).
.
🔸It has retested the zone again and we observe that was a strong rejection there. We consider that it has potential to reach the Ascending Trendline
.
🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
Disclaimer
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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.