price @ resistance, possible momentum break out
Price is at a resistance area. Momentum has established a trend line. However there needs to be a break below the momentum trend line.
if the momentum can break to the down side, look for the market to gravitate towards to the prior support level.
if the momentum can break to the down side, look for the market to gravitate towards to the prior support level.
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.