There is evidence of price rejection at 140.00, with recent bull candles failing to better the current session high or to breach the round number.
After a strong down move yesterday and now a 61% retracement, we may be setting up the start of a continuation move to test yesterdays low at 139, as we head into the next session.
Look for a break of the bull trendline for confirmation, or alternatively a double top at 140.00.
After a strong down move yesterday and now a 61% retracement, we may be setting up the start of a continuation move to test yesterdays low at 139, as we head into the next session.
Look for a break of the bull trendline for confirmation, or alternatively a double top at 140.00.
Note
Double top forming
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.
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.