The price made a breakout above a strong area of resistance. Now we are looking for a pullback o the support line and a bullish move from there. Almost overbought RSI also signals us that a bearish pullback should be coming. We, however, do not trade corrections so waiting for a bullish bounce off the support line.
We wish you good luck with your trading!
We wish you good luck with your trading!
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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.
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.