Strong bullish impulse 3300 to 3323 suggests buyers are stepping in. Prior bearish legs showed decreasing momentum, and the last drop failed to break the previous low sign of potential bullish divergence.
Area to Watch
If price breaks above 3345 with strong volume and closes above expect continuation toward 3370–3382 zone.
If price fails to break above 3345 and forms a lower high, expect another rejection and move down toward 3295.
Area to Watch
If price breaks above 3345 with strong volume and closes above expect continuation toward 3370–3382 zone.
If price fails to break above 3345 and forms a lower high, expect another rejection and move down toward 3295.
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.