🔸 4H CHART EXPLANATION:
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🔸 Price bounced at the Descending Trendline.
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🔸 Now, it is facing the Support Zone.
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🔸 If the Support Zone is broken to the Downside, then there is potential for a bearish move towards the Ascending Trendline.
.
🔸 Will look for a lower timeframe bearish setup if the zone is broken.
🔸 DAILY CHART ANALYSIS:
.
🔸 Price bounced at the Descending Trendline.
.
🔸 Now, it is facing the Support Zone.
.
🔸 If the Support Zone is broken to the Downside, then there is potential for a bearish move towards the Ascending Trendline.
.
🔸 Will look for a lower timeframe bearish setup if the zone is broken.
🔸 DAILY CHART ANALYSIS:
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.