Current Resistance Zone: The price is currently testing a strong resistance zone around the $83 level. in the past, this level has been a turning point for price movements.
Potential Reversal: The chart suggests a possible rejection from the resistance zone, with a projected short-term correction to approximately $78.82 .
Key Levels:
-Resistance: $82.75–$83.25.
-Support: $78.82 (highlighted as target).
Scenario: After testing the resistance zone, a pullback towards $78.82 is expected, aligning with previous price behavior. A confirmed break above $83 would invalidate this bearish outlook.
Note: Always combine technical levels with broader market context and risk management.
Potential Reversal: The chart suggests a possible rejection from the resistance zone, with a projected short-term correction to approximately $78.82 .
Key Levels:
-Resistance: $82.75–$83.25.
-Support: $78.82 (highlighted as target).
Scenario: After testing the resistance zone, a pullback towards $78.82 is expected, aligning with previous price behavior. A confirmed break above $83 would invalidate this bearish outlook.
Note: Always combine technical levels with broader market context and risk management.
Trade active
Note
Finally some movement. I will keep an eye on it.Note
It is very close.Trade closed: target reached
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Free Telegram Signals: t.me/addlist/MLJjjTl2V-M1OTc8
👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
👉 My favorite broker - go.tradenation.com/visit/?bta=37381&brand=tradenation
👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
👉 My favorite broker - go.tradenation.com/visit/?bta=37381&brand=tradenation
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.