Candle of February 9th SHOWS A BREAKOUT from strong resistance line that now is a support one. It seems this candle went out of another resistance line more than 50% and so, I think price will be able to reach to upper line that named strong resistance. Primary resistance is down trend line and secondary is consolidation area in short term as well as you see that price made a good candle above of MA 9 DAYS. So, for neutral I expect that price will kiss its STRONG RESISTACE LINE for 2nd time.
This idea will be update if price take another method for its way.
This idea will be update if price take another method for its way.
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.
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.