On the daily chart , the price has shaped a descending harmonic pattern with reaching the resistance 93.6
we can notice a pin bar has been formed last week also provided by divergence in RSI
so, if the price bounces from these level it will shape a double top pattern and go down to the support 92.6
but there's a break above the lower trend line from the high of 2017
so, if the price breaks above the resistance 93.6 it may go to 94.2 then to resistance zone 95.15-95.5
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.