We hit the $13,500 resistance: Now What?
I'm looking for a PULL-BACK and some consolidation before we break the $13,500 resistance.
SCENARIOS:
If we do break $13,500 then $13,500 will become the new support. I think this is unlikely.
We may consolidate right below $13,500, if this happens it would be a good time to enter the market.
Most likely: We PULL-BACK to the support line before retesting $13,500. The support line is a great entry point.
SCENARIOS:
If we do break $13,500 then $13,500 will become the new support. I think this is unlikely.
We may consolidate right below $13,500, if this happens it would be a good time to enter the market.
Most likely: We PULL-BACK to the support line before retesting $13,500. The support line is a great entry point.
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.