Price action is trading above the mean and now testing it's previous resistance turned support.
I would say that there is a good probability of rejection to the upside.
I would say that there is a good probability of rejection to the upside.
Note
Good buy zone. Impulse is likely.Note
Now this went a bit off the rails, criminally oversold though.I won't say that it's extremely bullish, but most probably, the local downtrend will be broken by the next move or after the retest of the 30-40 area. The big descending bear will be the biggest challenge then.
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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.