We are expecting the price to move higher towards the resistance and get rejected. Next, we expect that the price will come back down to retest the upsloping support line (orange line) which would be our entry for a long position.
Targets are shown on the chart
The invalidation of this thesis would be when the price closes below the upsloping support as it would break the higher lows trajectory.
Targets are shown on the chart
The invalidation of this thesis would be when the price closes below the upsloping support as it would break the higher lows trajectory.
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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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.