These are my learning steps.
In an overall downward trend, there has been a change of structure within it. A significant zone has been broken and the market is retesting the breakout. on 30min we have a bullish engulfing candle stick. The next position of significance is at the previous resistance, which might break based on the previous impulsive break out.
In an overall downward trend, there has been a change of structure within it. A significant zone has been broken and the market is retesting the breakout. on 30min we have a bullish engulfing candle stick. The next position of significance is at the previous resistance, which might break based on the previous impulsive break out.
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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.