1. the uptrend line (red one) is broken and the chart now is touching it as resistance line.
2. the dark blue line was acting as a support so far but this line is broken too and being tested by the chart.
3. in order to understand the importance of the black zone, take a look at the daily time frame.
>>> these 3 important are facing each other at the same point which is marked with a red flag in the chart.
2. the dark blue line was acting as a support so far but this line is broken too and being tested by the chart.
3. in order to understand the importance of the black zone, take a look at the daily time frame.
>>> these 3 important are facing each other at the same point which is marked with a red flag in the chart.
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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.