We can see from several wicks I highlighted that the big banks and institution have been hunting our stop losses so that we are out of the market, then boom! prices start to go way up.
Current price shows a possible hammer (with a long wick under) which might indicate the price to go higher.
There is a link below explaining why the price might go higher and break the resistance level
*Price could go either way, wait for confirmation
Cheers!
Current price shows a possible hammer (with a long wick under) which might indicate the price to go higher.
There is a link below explaining why the price might go higher and break the resistance level
*Price could go either way, wait for confirmation
Cheers!
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Related publications
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.