Horizontal lines are important historical prices.
we se exhaustion wicks the last few days, hit support so now should be going up. Might bounce on the first horizontal line, only to bounce again on the support, to finally be headed towards the TP indication.
I think it might continue to the next horizontal line or even the resistance line, but the TP indication seems to be a real zone of interest for the price, so might go down again even to the resistance line again. so thats why the TP zone is until there and not further
we se exhaustion wicks the last few days, hit support so now should be going up. Might bounce on the first horizontal line, only to bounce again on the support, to finally be headed towards the TP indication.
I think it might continue to the next horizontal line or even the resistance line, but the TP indication seems to be a real zone of interest for the price, so might go down again even to the resistance line again. so thats why the TP zone is until there and not further
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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.