After the price rallied upwards, the price consolidated into a zone where it gapped down to find the region acting as a resistance.
The longer-term support line being tested, the price is likely to go long and take roof on the zone's support at 341.
Long Position
Target 1: 334
Target 2: 341
SL: 318 (Careful at being stopped out!)
Thank you for reading, hope you have a good day
The longer-term support line being tested, the price is likely to go long and take roof on the zone's support at 341.
Long Position
Target 1: 334
Target 2: 341
SL: 318 (Careful at being stopped out!)
Thank you for reading, hope you have a good day
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.