10th Dec Market analysis
452.7 buy/466 sell/ 446 stop-loss
Previous day P/L: -3.9
We have two hammers that stopped the previous dump, and a big bullish candle covered most of the decline. Price is moving around the upper band of the downtrend channel and it also happens to be a resistance level. If we change the timeframe to 1 hour, it tends to look like consideration is happening and the price almost stands on the upper band.
452.7 buy/466 sell/ 446 stop-loss
Previous day P/L: -3.9
We have two hammers that stopped the previous dump, and a big bullish candle covered most of the decline. Price is moving around the upper band of the downtrend channel and it also happens to be a resistance level. If we change the timeframe to 1 hour, it tends to look like consideration is happening and the price almost stands on the upper band.
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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.