- Price retested EMA (25, close), respected support and appears to be going up
- Price not yet overbought
- Could possibly form a double top
- Price not yet overbought
- Could possibly form a double top
Note
4-hr chart- Price retested at previous resistance and is heading down towards EMA (25, close) or previous support. How price behaves at these points is key to deciding where price will go next
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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.