1. **Price tapped into the 143.700–143.800 resistance zone**, just as expected.
2. **Strong bearish reaction followed immediately** after testing that zone:
* Long upper wick.
* A strong bearish candle closed under the previous bullish body → **rejection confirmed** ✅
3. Current candle is now **hovering around 143.600**, showing hesitation.
* This is **normal** after the initial rejection, and could form the **right shoulder** of a micro top structure.
2. **Strong bearish reaction followed immediately** after testing that zone:
* Long upper wick.
* A strong bearish candle closed under the previous bullish body → **rejection confirmed** ✅
3. Current candle is now **hovering around 143.600**, showing hesitation.
* This is **normal** after the initial rejection, and could form the **right shoulder** of a micro top structure.
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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.