1. Resistance Break Possibility
The analysis suggests a rejection at resistance (191.878) leading to a drop. However, price could break above resistance, triggering stop-loss orders and fueling a bullish rally.
Instead of a reversal, watch for a liquidity grab above resistance before deciding on direction.
2. Support Area Failure Risk
The support zone (near 189.000) is assumed to hold, but if market momentum is strong, price could break through, leading to further downside.
Instead of assuming a bounce, consider monitoring for confirmation before entering long trades.
3. Bullish Trend Continuation Possibility
Price recently made a strong move upwards, suggesting buyers are active. The expected rejection at resistance may fail, leading to a higher breakout instead of a reversal.
The small consolidation near 190.296 could indicate accumulation for a bullish continuation.
4. Alternative Scenarios
Instead of dropping immediately, price may range between 190.762 and 191.878 before a strong move in either direction.
The analysis suggests a rejection at resistance (191.878) leading to a drop. However, price could break above resistance, triggering stop-loss orders and fueling a bullish rally.
Instead of a reversal, watch for a liquidity grab above resistance before deciding on direction.
2. Support Area Failure Risk
The support zone (near 189.000) is assumed to hold, but if market momentum is strong, price could break through, leading to further downside.
Instead of assuming a bounce, consider monitoring for confirmation before entering long trades.
3. Bullish Trend Continuation Possibility
Price recently made a strong move upwards, suggesting buyers are active. The expected rejection at resistance may fail, leading to a higher breakout instead of a reversal.
The small consolidation near 190.296 could indicate accumulation for a bullish continuation.
4. Alternative Scenarios
Instead of dropping immediately, price may range between 190.762 and 191.878 before a strong move in either direction.
Note
NoteNote
NoteNote
Note
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.