Bullish Scenario:
- Bounce from this level could potentially followed by RSI trend breakout.
- in case RSI trend broken out, could potentially take out resistance zone
- get out from multi month bear trend (falling wedge breakout)
Bearish Scenario:
- Failure to move higher potentially paint a PARTIAL RISE
- Partial Rise can be a sign of downward breakout
- Bounce from this level could potentially followed by RSI trend breakout.
- in case RSI trend broken out, could potentially take out resistance zone
- get out from multi month bear trend (falling wedge breakout)
Bearish Scenario:
- Failure to move higher potentially paint a PARTIAL RISE
- Partial Rise can be a sign of downward breakout
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.