Context:
price first rejected the resistance level of 23450 , but buyers stepped up at tthe level of 22800 near the demadnline
of the channel , and now we have signs of increased buying pressure , towards the broken support at 2400
Trading Opportunities:
Long:
retracement at broken resistance 23450
Short:
Reversal at broken support 24000
Signs of strength:
upchannel intact
buying pressure
Signs Of weakness:
rejection of resistance
Support:
22800
22570
21600
Resistance:
23800
24000
invezted.com
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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.