On the daily chart, the price has reached the key resistance zone at 86.05-85.65 which is 50% fibonacci too
the price is about to form the hammer candle followed by horn pattern
if the price find the momentum to reverse from these levels with suitable price action, it will be a good chance to reach the lower trend line of the horn which is the same level of the support 83.45
the price is about to form the hammer candle followed by horn pattern
if the price find the momentum to reverse from these levels with suitable price action, it will be a good chance to reach the lower trend line of the horn which is the same level of the support 83.45
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.
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.