Looking at the chart, we will have 2 scenarios which are:
1- False breakout of the resistance and the price will go down
2- the broken resistance turned to support will hold the price and make it go long! supported by the 50 MA
1- False breakout of the resistance and the price will go down
2- the broken resistance turned to support will hold the price and make it go long! supported by the 50 MA
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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.
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.