Analysis Shows that:
[WHEN TO TRADE:
When price forms a reversal candlestick close to the vertical or horizontal resistance zone
- Price has created a head and shoulders pattern which means reversal is in progress.
- Price has successfully broken support and is testing the new resistance zone
- Price also created lower highs and lower lows thus a downtrend
[WHEN TO TRADE:
When price forms a reversal candlestick close to the vertical or horizontal resistance zone
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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.