As price approaches this 4 hour resistance zone , there also happens to be an equal measured move, and some Fibonacci confluence from the previous legs of the move down on the lower time frame. Aside from that, an initial test of this level, followed by a re test may provide a trading opportunity for a bullish relief.
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.