The resistance of 118.745 has proved to be a tough nut to the counter.
Despite attempting to break it twice, it was unable to do so and formed a double top pattern.
It has broken the critical support level of 118.553 as well, which is now set to cap bullish moves.
Hence, we expect the counter to be bearish in the near-term.
Despite attempting to break it twice, it was unable to do so and formed a double top pattern.
It has broken the critical support level of 118.553 as well, which is now set to cap bullish moves.
Hence, we expect the counter to be bearish in the near-term.
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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.