In long timeframe it is shown to all that it is continuing a downtrend. But may be it will break trendline and change the current trend to Uptrend. We should see into the shortest timeframe to clear view.
Otherwise this downtrend respect the trendline and price will fall again to create double bottom or anything chart pattern else.
Otherwise this downtrend respect the trendline and price will fall again to create double bottom or anything chart pattern else.
Note
Note
oppsss sorry this screenshot is not for analysis... Mistook...Trade active
Already make a higher high try to change trend to Uptrend.
Will enter for LONG after retest...
Order cancelled
Cannot create any swing high and cannot break the current resistanceSo wait for next analysis...
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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.