
Statistically, the strongest moves occur after a false-break-down.
We might see a break-up of the local resistance, but in that case the bulls will have to be tough to control the market.
MA-200 is a strong support
MA-50 is a resistance that might be tested soon.
Strong support: uptrend channel support at 3.758
Strong resistance: downside line, 4.840 level
I expect the end of the consolidation by break of the resistance and bullish momentum to 4.840, and then to 6.990.
Regards R.Linda!
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🌹TRADING is a CASINO💔!?
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Join me, I'll guide you to PROFITABLE TRADING💵!
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(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.