This is an interesting market to chart.
Price in recent times on the daily chart has formed a series of higher lows.
The interesting part however, is that when forming the recent swing high price could not make it all the way back to the major resistance.
This leaves price moving into a recent swing high and then for any major moves higher it will need to break what will be a very close major resistance again.
Price in recent times on the daily chart has formed a series of higher lows.
The interesting part however, is that when forming the recent swing high price could not make it all the way back to the major resistance.
This leaves price moving into a recent swing high and then for any major moves higher it will need to break what will be a very close major resistance again.
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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.
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.