The descending blue and red range is a long linear regression broken in the purple rectangle!
This is a good sign for the price to rise, but there are also many signs of a decline.
The red rectangle is strong resistance!
The white dot is a short-term linear regression! The price is in its possible resistance.
And these are two strong signs that prices are falling!
You can follow the price of oil! Rising oil prices are not having a good effect on the Japanese economy! And it can break the resistance, but oil is also close to the resistance levels!
You also have to wait until the end of the week and assess the market conditions this week. If the candle succeeds in breaking the range, it means that the price will go up! But my prediction is that the resistance will not be broken and the price will go back down!
what is your opinion? Green or red route?
This is a good sign for the price to rise, but there are also many signs of a decline.
The red rectangle is strong resistance!
The white dot is a short-term linear regression! The price is in its possible resistance.
And these are two strong signs that prices are falling!
You can follow the price of oil! Rising oil prices are not having a good effect on the Japanese economy! And it can break the resistance, but oil is also close to the resistance levels!
You also have to wait until the end of the week and assess the market conditions this week. If the candle succeeds in breaking the range, it means that the price will go up! But my prediction is that the resistance will not be broken and the price will go back down!
what is your opinion? Green or red route?
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