Confluence:
Rally base drop supply zone. Price has moved away, formed a double bottom before returning to our zone.
Daily highs, Point of Control & 78.6 fibs
We would need to see price have a change in directional bias. We're currently uptrending but coming to such a strong point in the market, I can see a strong reversal targeting the fib extensions & psychological levels.
Happy Trading
Rally base drop supply zone. Price has moved away, formed a double bottom before returning to our zone.
Daily highs, Point of Control & 78.6 fibs
We would need to see price have a change in directional bias. We're currently uptrending but coming to such a strong point in the market, I can see a strong reversal targeting the fib extensions & psychological levels.
Happy Trading
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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.