As we can see the curve support has been broken but this can be a fake move ( manipulation zone ) and we can be manipulated further more till the next rectangle box as mentioned on the chart. Or you can say its a retracement as per previous market action we are the 50% of the previous downfall and exactly from 50% we got some bullish momentum but still the retest of the 50% has not been done so we cannot trust this zone. Let the price retest the zone and than we will have a clear path to upside.
My analysis is till the level i marked for now.
We are Bullish until we have some serious break down with strong red candles.
My analysis is till the level i marked for now.
We are Bullish until we have some serious break down with strong red candles.
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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.