Price had broken out a descended trendline and is currently making a retest at the recently broken out level.
Once a new support is confirmed within the previously broken out zone, we can expect further upside movements towards the 3-week-high
Key Factors:
- Broken out Zone and trendline
- Entry opportunities for a buy setup within or near zone level
- Further confluence or confirmations required for a buy setup, such as retests and rejections
Once a new support is confirmed within the previously broken out zone, we can expect further upside movements towards the 3-week-high
Key Factors:
- Broken out Zone and trendline
- Entry opportunities for a buy setup within or near zone level
- Further confluence or confirmations required for a buy setup, such as retests and rejections
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.