Right now at point C:
- C (blue zone) is 38.2% retracement.
- A doji formed (1H)
- Price broke out of the triangle at point C to the downside and now heading towards D, retested the breakout. (5M chart)
- A retest on C zone (15M). Formed almost equally high, but RSI is showing divergence.
Will price come into the PRZ at point D?
- C (blue zone) is 38.2% retracement.
- A doji formed (1H)
- Price broke out of the triangle at point C to the downside and now heading towards D, retested the breakout. (5M chart)
- A retest on C zone (15M). Formed almost equally high, but RSI is showing divergence.
Will price come into the PRZ at point D?
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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.