As price is seeing rejection at the moment, I believe it will still continue to go higher, deeper into the SZ.
Let's wait for a confirmation of rejection on the price level as marked on the chart where there is confluence of Strong Resistance & Monthly Pivot.
Let's wait for a confirmation of rejection on the price level as marked on the chart where there is confluence of Strong Resistance & Monthly Pivot.
Note
Price has indeed gone higher and deeper into the SZ. Let's wait for confirmation of rejection in the zone for a short trade opportunity.Trade active
Trade closed manually
DZ formed and invalidated opposing SZ.
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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.