Looks like price retraced back to strong resistance, 200 EMA playing on that as well. Price seems to be trapped so I am waiting on a close below the red rectangle & possible retest to visit its recent low. Potentially break that level & touch its daily uptrend line. Price is making lower highs & lower lows at this time..
Trade with care!
Trade with care!
Note
support breaking out, looking to short
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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.