Closer to the frontline
The key zone is around 10 - 11.000. This is what I called as a bull trap in the related idea and the situation is absolutely the same.
So I expect one more upside movement to the trap zone, what's more, I would like to see even a failed breakout, and then after a huge reversal. Before this, the falling channel should break upward and then open the space for rising.
Trade below 9100 will pause the bulls and erode the price to 8300 where the next support zone is lying.
So I expect one more upside movement to the trap zone, what's more, I would like to see even a failed breakout, and then after a huge reversal. Before this, the falling channel should break upward and then open the space for rising.
Trade below 9100 will pause the bulls and erode the price to 8300 where the next support zone is lying.
Related publications
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.