The price just hit the falling resistance the line, that is the upper line of a descending triangle formation on the daily timeframe. As it is strong resistance and the pattern is not finished yet, we are expecting the price to make a bearish bounce off the resistance line.
We wish you good luck with your trading!
We wish you good luck with your trading!
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.