Strong support?
I don't think there is a good sell here. I think there is strong support below. The consolidation period on the daily feels too light for it to break down below. I'd like to see an hourly candle close above or below the levels. Being baised is VERY bad. So, if I feel like buying - then it is probably a good sell. Right now, its consolidating. It does not look like any good pattern has formed so its best to leave this alone. Depending on how it proceeds towards high, then maybe a buy.
But, there seems to be no pattern? Rectangle maybe? Then it can be a reversal or continuation. And there seems to be really strong support. So, then we are going back up top.
But, there seems to be no pattern? Rectangle maybe? Then it can be a reversal or continuation. And there seems to be really strong support. So, then we are going back up top.
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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.