Red or Green?
1976 is a new resistance.
Trading Volume not big while breakup previous resistance(Orange Zone).
Possible Development Scenarios:
Green Scenario:
A possible backtest Orange Zone(The previous resistance)
Red Scenario:
Forming a head and shoulder pattern to test The previous support(Blue Zone)
Bias: Green Scenario preferable.
This is a Personal Record only, not for any trading advice.
Trading Volume not big while breakup previous resistance(Orange Zone).
Possible Development Scenarios:
Green Scenario:
A possible backtest Orange Zone(The previous resistance)
Red Scenario:
Forming a head and shoulder pattern to test The previous support(Blue Zone)
Bias: Green Scenario preferable.
This is a Personal Record only, not for any trading advice.
Note
Note
As a result it is RED Scenario.
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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.
Related publications
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.