Let me remind you to turn your attention to the strength of the resistance line. It dates from June 2018. Today this line plays an important role in our idea.๐ช๐ผ
As we can see, the price bounced off the strong support line and began its upward movement. It can be seen that the price has already returned to this line several times and repelled from it. Today I expect the price to continue its upward movement and the first thing it will do is to break the level. Then the price will rise to the strong resistance line and push down from it. This will help the price move back to the support line.
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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.