Sorry for the late post guys.
Seems like we got another slight push to send us above short-term resistance (solid yellow) but price still remains below the long-term trendline.
As discussed in yesterday's post, transitioning towards the intersection point of magenta and long-term will add a second layer of resistance for future PA.
Use the indicated trendlines and highlighted zones to determine where and when a breakout could occur.
The good sign so far is that we are holding towards resistance (vs support) with weekly divergence still in play.
Seems like we got another slight push to send us above short-term resistance (solid yellow) but price still remains below the long-term trendline.
As discussed in yesterday's post, transitioning towards the intersection point of magenta and long-term will add a second layer of resistance for future PA.
Use the indicated trendlines and highlighted zones to determine where and when a breakout could occur.
The good sign so far is that we are holding towards resistance (vs support) with weekly divergence still in play.
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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.
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.