There is a strong range between 2 Daily Support and Resistance levels where supply/demand is finding equilibrium.
A break above the 4H trend line would take price into a buy zone and possibly to the Daily Resistance. A break below Daily Support could cause price to retrace further or consolidate in the area further before buyers step back in.
A break above the 4H trend line would take price into a buy zone and possibly to the Daily Resistance. A break below Daily Support could cause price to retrace further or consolidate in the area further before buyers step back in.
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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.