At the end of March, the price bounced off the resistance of 78.87, which has existed since November 2020. During the fall in the price and its corrections from the support line in October 2020, an additional resistance line was also formed - in March 2021. The price touched it three times. After the last touch at 77.98, the price began to fall. Now we can expect that the fall will turn into a correction, the price will break the line and rise to the resistance 78.63. And then it drops to support 77.37.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.