Price previous broke out of the ascending trendline to the downside with a strong impulsive movement. Since then, a pullback and correction has been taking place & price today has retested the broken trendline as potential resistance, which aligns with a strong area of S/R (looking left). I am anticipating for price to resume the downtrend & enter back into the impulsive stage to the downside below this key region here.
Happy New Year coming up to all my supporters & friends, you are truly appreciated.
Happy New Year coming up to all my supporters & friends, you are truly appreciated.
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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.