Based on market structure, support and resistance, and fractal efficiency, Price tapped into previous resistance and couldn't break above it. Rather we saw a rejection that created lower lows and a tap in on resistance, showing we have a strong resistance pushing price down.
As resistance have been retested, target previous support as take profit zone
As resistance have been retested, target previous support as take profit zone
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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.