Price reversed from descending trendline that is lined up with supply zone.
Price is currently retesting the zone and has potential to move lower.
For conservative entry, await breakout of ascending trendline and a bearish corrective structure on lower time frame.
Price is currently retesting the zone and has potential to move lower.
For conservative entry, await breakout of ascending trendline and a bearish corrective structure on lower time frame.
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.