multi timeframe analysis
The green horizontal line is the resistance that is common in monthly weekly and daily timeframes. This means it has a strong structure. You can see the bullish momentum is weak by the candles printed in previously. We need to see a gain of momentum from a bearish move so that we can capitalize on the move
Good luck
Good luck
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.