Hello friends! With the start of a profitable day!
As we can see from the previous idea, the price is moving in the direction of my falling arrow. This is a good sign for us!
Today's idea is dominated by a new resistance zone and support line. As we can see, the price bounced off the zone and started falling down. If we look at the back, we see that the price pushed up from the zone, but now the rules have changed.
Today I expect the price to continue falling down. I think the price will reach the support line. After that, the price will be able to bounce off this line and start growing. I expect the price to move back to the resistance zone. This will be a fast and profitable price increase.📉📈
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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.