On Weekly TF, price broke a major resistance and is coming back for a retest, turning resistance to support.
last daily close is a weak bullish candle at the resistance about to be turned support
Ranging market on H4 before support was broken, retest done and inverse pinbar formed
Price is currently falling to support level, Left shoulder and head formed on H1, formation of right shoulder would be a sell signal for a sell to the next support
Buy idea depends on how price action acts when it gets to the support
last daily close is a weak bullish candle at the resistance about to be turned support
Ranging market on H4 before support was broken, retest done and inverse pinbar formed
Price is currently falling to support level, Left shoulder and head formed on H1, formation of right shoulder would be a sell signal for a sell to the next support
Buy idea depends on how price action acts when it gets to the support
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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.