This is an idea from a beginner, RSI is near neutral at 53, indicating buying pressure is still strong but declining ever so slightly as more sellers are coming in. Yesterday the US Trade Balance was even more negative than the forecast and previous, therefore a bearish move would be a good thing to think about. I have highlighted the resistance areas of recent price rejections and support areas. I would advice people to wait for a rise to resistance, or the break of the strong trendline and retest before making a sell. Good luck and stay patient!
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.
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.