- Trip broke daily down channel
- Likely to rise to resistance level 14.50
Trip recently broke the resistance trendline of the daily down channel from the start of May (inside which the price has been falling in the last few weeks).
The breakout of this down channel accelerated the active short-term corrective wave (ii) – which is part of the downward impulse wave C from last month.
Trip can be expected to rise to the next resistance level 14.50 (which reversed the previous waves ii and (2) at the start of June).
- Likely to rise to resistance level 14.50
Trip recently broke the resistance trendline of the daily down channel from the start of May (inside which the price has been falling in the last few weeks).
The breakout of this down channel accelerated the active short-term corrective wave (ii) – which is part of the downward impulse wave C from last month.
Trip can be expected to rise to the next resistance level 14.50 (which reversed the previous waves ii and (2) at the start of June).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.