On the Monthly TF, the last candle that ever got to that high was on 1st august, 2008 and there have been multiple rejections at that zone.
So now, the current Monthly TF is moving towards that zone again and we are hopeful it will bounce off that zone again.
So lets be patient and watch price get there and do as it so pleases.
From that Zone, a massive sell will likely happen
So now, the current Monthly TF is moving towards that zone again and we are hopeful it will bounce off that zone again.
So lets be patient and watch price get there and do as it so pleases.
From that Zone, a massive sell will likely happen
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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.