A. - Price has visited the $153-154 price level a total of 7 times and each time has respected and produced a bounce off of it sooner or later.
B. - Rejection of the 50 MA is a good sign for the bears, coming down and testing this level an 8th time is very probable.
C. - Being the 8TH time we retest , in this BEAR market I believe a break below this level is very probable , targeting pandemic 2020 lows or 2018 lows. (scroll left)
B. - Rejection of the 50 MA is a good sign for the bears, coming down and testing this level an 8th time is very probable.
C. - Being the 8TH time we retest , in this BEAR market I believe a break below this level is very probable , targeting pandemic 2020 lows or 2018 lows. (scroll left)
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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.