Evidence:
1. Price is in a range.
2. This level has been tested several times and is failing to break below
3. There isn't much bearish momentum to push price further down.
4. Stochastic is over bought
5. Tap of the 61.8%
1. Price is in a range.
2. This level has been tested several times and is failing to break below
3. There isn't much bearish momentum to push price further down.
4. Stochastic is over bought
5. Tap of the 61.8%
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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.