Context:
after price broke the resistance at 23450 price rallied to the broken support at 24000 wher price
formed a small range , if we break this small range to the downside and price rejects the broken resistance
we can speak of a sign of strenght ,
Trading Opportunities:
Long:
Retracement of demandline + broken resistance at 23450
breakout of broken support at 24000
short:
Reversal at broken support 24000
Signs of strength:
upchannel
buying pressure
broken resistance
Signs Of weakness:
rejection of broken support
Support:
23450
22760
Resistance:
24000
24600
invezted.com
after price broke the resistance at 23450 price rallied to the broken support at 24000 wher price
formed a small range , if we break this small range to the downside and price rejects the broken resistance
we can speak of a sign of strenght ,
Trading Opportunities:
Long:
Retracement of demandline + broken resistance at 23450
breakout of broken support at 24000
short:
Reversal at broken support 24000
Signs of strength:
upchannel
buying pressure
broken resistance
Signs Of weakness:
rejection of broken support
Support:
23450
22760
Resistance:
24000
24600
invezted.com
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.