Hello everybody!
-On a 4-hourt time frame, we can see that the price reached a strong support zone and we can see that the price is rejecting that line because we can see that the price is leaving long lower wick.
-On a lower time frame such as 1 hour, we can see that the price is leaving longer lower wicks in support zone so that means that the price is rejecting that area.
-I expect bullish movement if we have more conformations and more rejections in that area,...-But that is just my opinion!
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hourt time frame, we can see that the price reached a strong support zone and we can see that the price is rejecting that line because we can see that the price is leaving long lower wick.
-On a lower time frame such as 1 hour, we can see that the price is leaving longer lower wicks in support zone so that means that the price is rejecting that area.
-I expect bullish movement if we have more conformations and more rejections in that area,...-But that is just my opinion!
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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.
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.