The price is currently moving in positive territory on daily chart, and on lower time frames the price is could move in a consolidation pattern, like a flag or wedge.
Presumably the price is following this structure and may reach the upper trendline.
- dont follow me, think first -
Presumably the price is following this structure and may reach the upper trendline.
- dont follow me, think first -
Note
The momentum ran out and the price could not withstand the selling pressure at the last trendline touch
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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.