📊 
RED Market Update – Higher High & Key Resistance Test
📈RED has made a new Higher High (HH) and is now pulling back.
🔄 Current Scenario:
If price breaks the black resistance line, the next targets are at the blue line levels.
Price could return to the HH level, but the gap is located even higher, indicating potential further upside if momentum continues.
The gap area represents a previous strong selling zone, so traders should remain cautious when price approaches this level.
📌 Watch for breakout confirmation before targeting higher levels, and manage risk near resistance zones.
RED Market Update – Higher High & Key Resistance Test📈
RED has made a new Higher High (HH) and is now pulling back.🔄 Current Scenario:
If price breaks the black resistance line, the next targets are at the blue line levels.
Price could return to the HH level, but the gap is located even higher, indicating potential further upside if momentum continues.
The gap area represents a previous strong selling zone, so traders should remain cautious when price approaches this level.
📌 Watch for breakout confirmation before targeting higher levels, and manage risk near resistance zones.
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.
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.