American Express: The Price Reversal From Resistance
Look at the chart where the price moved out of the Bollinger Bands. I marked two good bullish signals, and the market moved upward after that. The same pattern we have now, but it is bearish.
The price is out of the Bollinger Bands, and it bounces from 126.00 resistance. RSI confirms the price reversal.
This market gives us a sell opportunity, and we should be ready to see falling to 120.00 and 112.00 support zones.
The price is out of the Bollinger Bands, and it bounces from 126.00 resistance. RSI confirms the price reversal.
This market gives us a sell opportunity, and we should be ready to see falling to 120.00 and 112.00 support zones.
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