Price is 23.36 facing resistance from the 10 EMA(blue)and the 50 EMA(purple), the last fully printed candle is a small body with a longer upper shadow. Price is also consolidating inside a Demand Zone. In addition, the closing prices of the candles have formed an inverse head and shoulders inside a falling wedge. We need a break past the EMAs and Higher Highs and Higher Lows past 25.07 for some good bullish action, if rejection at the EMA's ,we might see fall back to the 20.00 price range or lower.
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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.