There is strong support at 11100. Yesterday's upward impulse showed the presence of a large buyer.
Consolidation drags on and bearish momentum fades.
A flat triangle is formed.
Movement today will be limited by the boundaries of the triangle - the purple rectangle.
Equal opportunity to implement both blue and green scenarios.
Exiting the triangle will determine the direction of further trend development
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My TG blog t.me/techhypov
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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.
My TG blog t.me/techhypov
Related publications
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.