Hello everyone, I want to share this with you!
-On the weekly chart, we can see that the price is forming a Doji candle near the resistance area(blue area). A Doji is the reversal signal so we can expect bearish movement if the price keeps testing that resistance zone. The blue resistance area is a strong area because we had multiple retests in that zone.
-On lower time frames we can see that price retested that zone multiple times and we can see that price is moving a little bit in a bearish direction.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advise.
-On the weekly chart, we can see that the price is forming a Doji candle near the resistance area(blue area). A Doji is the reversal signal so we can expect bearish movement if the price keeps testing that resistance zone. The blue resistance area is a strong area because we had multiple retests in that zone.
-On lower time frames we can see that price retested that zone multiple times and we can see that price is moving a little bit in a bearish direction.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advise.
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.