Context:
we still remain in an overal downtrend , but we recently gained some strenght , however
we will remain in a downtrend until we have broken the current resistance ,and by extension the
first supplyline. any rejection of the current resistance may bring us back to the broken resistance @1020
and any bullish reaction at this level will give us further insight on the current strenght of the market.
signs of strenght:
minor broken resistance
rallie on increased momentum
signs of weakness:
downtrend
we still remain in an overal downtrend , but we recently gained some strenght , however
we will remain in a downtrend until we have broken the current resistance ,and by extension the
first supplyline. any rejection of the current resistance may bring us back to the broken resistance @1020
and any bullish reaction at this level will give us further insight on the current strenght of the market.
signs of strenght:
minor broken resistance
rallie on increased momentum
signs of weakness:
downtrend
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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.