Price Action: Bearish
Pattern: Break below DS
Long-Term Momentum: Range
Short-Term Momentum: Bearish
Bias: Short
Action: Wait until price is trading below the support zone.
Comments: Historically speaking every time price has entered the support zone it bounced back to the upside. It has been stuck in the range between .679 and .76 since early 2015.
Pattern: Break below DS
Long-Term Momentum: Range
Short-Term Momentum: Bearish
Bias: Short
Action: Wait until price is trading below the support zone.
Comments: Historically speaking every time price has entered the support zone it bounced back to the upside. It has been stuck in the range between .679 and .76 since early 2015.
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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.