Multiple factors into play here
1. It is retesting desceding triangle pattern which will confirm the trend later
2. It is getting rangebound
3. It has strong resistance but a critical support as well
1. It is retesting desceding triangle pattern which will confirm the trend later
2. It is getting rangebound
3. It has strong resistance but a critical support as well
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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.
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.