I'm expecting price to make it back up to the range, which is a key level in determining the next trading opportunity IMO.
There is a possibility of price breaking with strong buyer volume and retesting, and at that point depending on I see, I will be looking for a long to the -0.272 level.
If strong sellers come back in at this level, we may see a rejection back to the trend line, to which we would have another test of the key level and an ascending triangle.
There is also the possibility of a harmonic pattern completing at the key level which will signal a short-term reversal.
There is a possibility of price breaking with strong buyer volume and retesting, and at that point depending on I see, I will be looking for a long to the -0.272 level.
If strong sellers come back in at this level, we may see a rejection back to the trend line, to which we would have another test of the key level and an ascending triangle.
There is also the possibility of a harmonic pattern completing at the key level which will signal a short-term reversal.
Note
Daily Chart
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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.