The price is inside a smaller range within a larger range on the Monthly time frame.
The price swept into a Monthly OB with a daily manipulation leg to the upside, then it started a daily MMSM and is currently within a broadening formation.
So overall, it might be good for scalping, but I might avoid it. I’ll wait and see the fundamental news. A 15% bounce next week is possible.
The price swept into a Monthly OB with a daily manipulation leg to the upside, then it started a daily MMSM and is currently within a broadening formation.
So overall, it might be good for scalping, but I might avoid it. I’ll wait and see the fundamental news. A 15% bounce next week is possible.
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.