Another test at short-term triangular resistance (dotted black) as we funnel closer towards a breakout point.
Current weekly candle still has a chance to trigger divergence; W1 close has been indicated by the vertical blue line.
My prediction for this scenario is +3200 critical although anything above 3130 (piercing point) could still have bullish potential.
Keep in mind that PA still points towards bearish continuation overall so I would remain cautious on buying in the market at this time.
Current weekly candle still has a chance to trigger divergence; W1 close has been indicated by the vertical blue line.
My prediction for this scenario is +3200 critical although anything above 3130 (piercing point) could still have bullish potential.
Keep in mind that PA still points towards bearish continuation overall so I would remain cautious on buying in the market at this time.
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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.