The R (resistance) intersect - what could it mean?
If price breaks R2 @ 42623, it will try to reach all resistance level (R3 and R4) or until price reaches the R1, R3 and R4 intersect. Although the mean average trend is bearish, I am not quite sure what the intersect would mean at this point, could it push the price downward or maybe not?
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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.