The price is approaching the dynamic resistance in the form of an ascending wedge pattern and is moving in a range box at a lower time.
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You need 2 confirmations to start the downtrend. The first is to break the range box in lower time ...and the second is to break the H1 trend line. Then, with a very high probability, we can say that the downtrend has started and we can enter after pullback with the first target of 88.400
...
You need 2 confirmations to start the downtrend. The first is to break the range box in lower time ...and the second is to break the H1 trend line. Then, with a very high probability, we can say that the downtrend has started and we can enter after pullback with the first target of 88.400
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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.
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.