On the regular chart as shown it has broken the resistance and that's why we're seeing a rise.
However, on the LOG chart posted below, it's still not clear yet.
The red zones are heavy resistance zone and orange is an indecisive range.
When it breaks I will update the TP in the idea.
However, on the LOG chart posted below, it's still not clear yet.
The red zones are heavy resistance zone and orange is an indecisive range.
When it breaks I will update the TP in the idea.
Note
bearish rejection, bottom of orange channel
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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.