1. Resistance Zone (~190.8 - 191.2): The price has tested this area multiple times but has struggled to break through, indicating strong selling pressure.
2. Support Zone (~188.0 - 188.5): A key level where buyers previously stepped in, potentially acting as the next target if the price declines.
3. Projected Price Action: The red arrow suggests a rejection from the resistance area, followed by a downward move towards the support zone.
2. Support Zone (~188.0 - 188.5): A key level where buyers previously stepped in, potentially acting as the next target if the price declines.
3. Projected Price Action: The red arrow suggests a rejection from the resistance area, followed by a downward move towards the support zone.
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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.