Poor High has been swept at 71k level
If we can't get above 68.5k, revisiting Poor Low is plausible around 66.2k to 66k area
Revisiting Poor High/Low:
Poor High:
When a poor high is revisited, it usually indicates a potential for the price to break through that level and move higher, as the previous resistance was weak.
Poor Low:
Similarly, revisiting a poor low suggests a potential for the price to break lower, correcting the inefficiency.
If we can't get above 68.5k, revisiting Poor Low is plausible around 66.2k to 66k area
Revisiting Poor High/Low:
Poor High:
When a poor high is revisited, it usually indicates a potential for the price to break through that level and move higher, as the previous resistance was weak.
Poor Low:
Similarly, revisiting a poor low suggests a potential for the price to break lower, correcting the inefficiency.
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Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.