We are in the daily time frame. R1 was the support line which was broken and now acts as the resistance. The price is now down at its first support the S1 zone. If it is not supported in this area, it will fall down to the second support the S2 zone. The price can also make a pullback and fall again. If the price is supported here, we can buy it for the R1 resistance.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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.