The chart shows a break of a rising trendline with price pulling back to retest the $69.40 support level.
Given the rejection at this level, there's a potential for a bullish reversal targeting the next liquidity area around $72.50.
Traders should watch for confirmation of a higher low before entering long positions to ride the breakout.
Given the rejection at this level, there's a potential for a bullish reversal targeting the next liquidity area around $72.50.
Traders should watch for confirmation of a higher low before entering long positions to ride the breakout.
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iSmashProfit
Related publications
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.