Price recently broke a resistance trendline on the daily timeframe. Now, it is coming back to test the broken trendline which coincides with a resistance-turned support level. This provides a strong buying level at the dotted area which is the point of interaction between the trendline and the broken resistance-turned support.
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.