Double bottom formed on the daily at the trend reversal zone, price broke out of its downtrend channel & retested making a (higher low) now rejecting at a strong resistance level turned into support. Will go to 4 hour or hourly time frame to look for potential entry opportunities
Note
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.
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.