This seems like it could go two ways.
If it breaks below the support then we could expect a continuation in downtrend heading to newer lows. (Red Area)
Or if it breaks above resistance then we could expect the bulls to take over. (Green Area)
You can set your targets to the lines in yellow if you're following.
Just my analysis. Do not take my word for it.
If it breaks below the support then we could expect a continuation in downtrend heading to newer lows. (Red Area)
Or if it breaks above resistance then we could expect the bulls to take over. (Green Area)
You can set your targets to the lines in yellow if you're following.
Just my analysis. Do not take my word for it.
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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.