1. Uptrend Channel: A blue ascending channel marks a previous bullish movement.
2. Higher Demand Resistance Zone: A rectangular box at the top highlights a resistance level where price previously reversed.
3. Price Respect Area: A green circle marks a point where the price interacted with the resistance before declining.
4. Downtrend Projection: A potential bearish movement is outlined with an arrow indicating a fall towards a low-risk support zone.
5. Support Zone: A lower rectangle marks a potential demand area where price might find support.
The analysis suggests that the price could briefly retest the resistance before dropping further toward support. The chart also displays price data, buy/sell buttons,
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Free Accurate GOLD Signals Quality Education 🎓Quality Analysis 🔥🔥High Impact News Livetrades Accuracy 100% 💯💯 All FREE!
@Mrjeff6666
@Mrjeff6666
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.