Here is what i Think will happen;
There is a Gap that was left unfilled between 21 - 24 April 2017
There is a Pink Zone (support and resistance) that has not been easy towards price,
and the previous week closed with a rejection daily candlestick printed at The Pink Zone.
Therefore, I think Bears still need to fill the forgetten Gap.
On the other hand, if price manages to break through the The Pink Zone, it will be challenged at The Green Zone (support and resistance)
There is a Gap that was left unfilled between 21 - 24 April 2017
There is a Pink Zone (support and resistance) that has not been easy towards price,
and the previous week closed with a rejection daily candlestick printed at The Pink Zone.
Therefore, I think Bears still need to fill the forgetten Gap.
On the other hand, if price manages to break through the The Pink Zone, it will be challenged at The Green Zone (support and resistance)
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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.