Bias
Intraday: Bullish
Swing: Bullish
This chart illustrates a potential scenario in which price exhibits a bullish recovery after its current decline. The movement anticipates a possible rebound from a key area, followed by a continuation to the upside. However, this is one of many possible outcomes, and the eventual move is highly dependent on how price delivers at critical areas.
Risk of Continuation Lower:
If price fails to hold the denoted area or indeed continue higher earlier, it exposes vulnerability to further downside movement. If this scenario manifest intraday trading would shift temporarily to a bearish bias. Significantly more data would be required to consider bearishness on a swing scale.
Intraday: Bullish
Swing: Bullish
This chart illustrates a potential scenario in which price exhibits a bullish recovery after its current decline. The movement anticipates a possible rebound from a key area, followed by a continuation to the upside. However, this is one of many possible outcomes, and the eventual move is highly dependent on how price delivers at critical areas.
Risk of Continuation Lower:
If price fails to hold the denoted area or indeed continue higher earlier, it exposes vulnerability to further downside movement. If this scenario manifest intraday trading would shift temporarily to a bearish bias. Significantly more data would be required to consider bearishness on a swing scale.
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.
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.