1.Resistance turned support has been active since 2016 July with massive Rejection each time price came to the level/zone.
2. 3 times recently price action tried to breach the level but the order flow in the zone is filled with institutional order flow.
3. Price action has over been overbought so correction is needed.
2. 3 times recently price action tried to breach the level but the order flow in the zone is filled with institutional order flow.
3. Price action has over been overbought so correction is needed.
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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.