In time H2, it is placed in an upward step in the supply range, which has been corrected. Therefore, it can have an upward correction until the recent supply area, and if it is not able to break the supply area, it can make a pullback to the broken structure, which is also the Fibo area of 61.8. Therefore, after encountering a sell candle within the red box, you can enter a sell position.
Note
The sell position entry was not activated, but the target was folded...Note
With the support of 2000, it will be able to reach the supply range. If the behavior and structure of the post changes, it will be updated.Note
according to the moving path ascending to the supply area.Note
If it closes above 2124 candles, it will have the ability to break the first supply range for the next supply target. But if it penetrates under it, it will continue to modify the previous floor.
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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.