The upward trend is expected to end at the current resistance level. There is also a possibility of a collision with the resistance trend line. Then the beginning of the downtrend scenario will be probable.
If the price consolidates above the resistance level, the above scenario will be invalidated and the continuation of the uptrend will be probable.
If the price consolidates above the resistance level, the above scenario will be invalidated and the continuation of the uptrend will be probable.
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.