Price is now sideway from the recent surge in price.
Scenario 1: Reversal from confluence of ascending trendline & horizontal support
Scenario 2: Break of the recent high resistance area, await for retest confirmation before going long
Scenario 3: Price retraces to retest the previous resistance turned support (10500 area) and long after retest confirmation
Scenario 1: Reversal from confluence of ascending trendline & horizontal support
Scenario 2: Break of the recent high resistance area, await for retest confirmation before going long
Scenario 3: Price retraces to retest the previous resistance turned support (10500 area) and long after retest confirmation
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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.