Context:
after price got rejected off the former broken resistance at 21600 , price rallies thru a resistance level of 23450
and is currently heading towards the broken support of 24000 , where one could lookout for a reversal, overal
price should still be considered in a rather weak position,
Trading Opportunities:
Long:
retracement at broken resistance 23450
Short:
reversal at broken support 24000
Signs of strength:
rally from broken resistance which turned support
broken resistance
Signs Of weakness:
downtrend still intact
Support:
23450
22550
21600
Resistance:
24000
24600
invezted.com
after price got rejected off the former broken resistance at 21600 , price rallies thru a resistance level of 23450
and is currently heading towards the broken support of 24000 , where one could lookout for a reversal, overal
price should still be considered in a rather weak position,
Trading Opportunities:
Long:
retracement at broken resistance 23450
Short:
reversal at broken support 24000
Signs of strength:
rally from broken resistance which turned support
broken resistance
Signs Of weakness:
downtrend still intact
Support:
23450
22550
21600
Resistance:
24000
24600
invezted.com
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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.
Related publications
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.