Uptrend or downtrend?
SMA100 usually plays the role of resistance well and with each failure, the price trend usually continues in the same direction.
Now the price is hitting the static resistance area and SMA100. Creating a strong high bullish candle whit high volume it can cause the price to rise to the R area.But creating return patterns in this area may cause the price to fall to the S area.
Now the price is hitting the static resistance area and SMA100. Creating a strong high bullish candle whit high volume it can cause the price to rise to the R area.But creating return patterns in this area may cause the price to fall to the S area.
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