After rejecting the extreme high of the range, price has now moved back into the midway support level.
As the daily chart shows; price has popped higher and we could see a move back into the range resistance.
If we can see a new move higher we could look for momentum to build for new long trades and a breakout through the overall range.
Long trades above this range would open the way for price to move into a lot of space higher.
As the daily chart shows; price has popped higher and we could see a move back into the range resistance.
If we can see a new move higher we could look for momentum to build for new long trades and a breakout through the overall range.
Long trades above this range would open the way for price to move into a lot of space higher.
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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.
Related publications
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.