Context:
the current rallie loses a little steam due to some minor pauses , nevertheless we havent seen any signs
of a reversal as of yet , the actual rallie is still intact , we a trade at a former minor resistance @121.00
if this level holds support we will conrinoue higher to test @121.400 respectively @121.900 , should we break
that level to the downside and we takeout the next demandline we might see a retest of the broken resistance @120.400
signs of strenght:
broken resistance
strong rallie
signs of weakness:
broken demandline
the current rallie loses a little steam due to some minor pauses , nevertheless we havent seen any signs
of a reversal as of yet , the actual rallie is still intact , we a trade at a former minor resistance @121.00
if this level holds support we will conrinoue higher to test @121.400 respectively @121.900 , should we break
that level to the downside and we takeout the next demandline we might see a retest of the broken resistance @120.400
signs of strenght:
broken resistance
strong rallie
signs of weakness:
broken demandline
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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.
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.