Retest of Support level to the downwards movement
As from my analysis we can see a Change of trend occurred and now we are in a down trend, lower low and support formed and our Support was broken and now is being retested meaning there's a high chance the market will respect the Old support and treat it as our New resistance and the price will continue down. Let's wait for a bearish candlestick to confirm that before we enter our sell
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.
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.