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As we've had multiple waves of downtrend, I expect another one happening around this current region.
The first zone charted coincides with a major resistance level, mthly pivot and 50%-61.8% retracement from the recent downward move.
Awaiting confirmation on H4.
The first zone charted coincides with a major resistance level, mthly pivot and 50%-61.8% retracement from the recent downward move.
Awaiting confirmation on H4.
Note
Previous zone invalidated. Still monitoring the higher true zone for a short entry.
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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.