Price is facing bearish pressure from our resistance, in line with our descending trend line, horizontal pullback resistance and 61.8% fibonacci retracement where we could see a reversal below this level. Stochastic is facing resistance from our resistance at 97.95 where we could see a reversal below this level as well.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.