Strong Resistances in the Area (USD 6,750 - USD 6,850):
- EMA 50 days.
- MA 500 days.
- Major down trend line (white line).
Supports:
- USD 6,250.
- USD 6,100 (Neckline - purple line).
Potential TWO bearish patterns formation:
- Rising Wedge.
- Head & Shoulders pattern.
- EMA 50 days.
- MA 500 days.
- Major down trend line (white line).
Supports:
- USD 6,250.
- USD 6,100 (Neckline - purple line).
Potential TWO bearish patterns formation:
- Rising Wedge.
- Head & Shoulders pattern.
Note
Bearish pattern - H & S still valid.Major Down Trend Line (Strong Support).
Support: USD 6,050 (Neckline - purple line).
Trade closed: target reached
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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.