Although price has been consolidating between a daily resistance and support, I am currently seeing multiple rejections in resistance and bearish candlestick patterns that indicate pressure to the downside will soon follow.
A rejection in the current highlighted resistance and a break of support will take price to weekly demand. Always wait for the right confirmations - especially when price is range-bound like it is now.
A rejection in the current highlighted resistance and a break of support will take price to weekly demand. Always wait for the right confirmations - especially when price is range-bound like it is now.
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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.