Looking at the chart we can see that the price is starting to form descending triangle formation. We believe that the price will bounce back to the support line and then we are waiting for the price to break out beneath the upper resistance line. We think that the upper resistance line should become a support line as we are looking for a bounce in a bullish direction from there.
We do apologize, this idea was meant to be published yesterday, but due to technical difficulties, we were unable to do it. It was made based on the price movement before the yesterday market close.
We wish you good luck with your trading!
We do apologize, this idea was meant to be published yesterday, but due to technical difficulties, we were unable to do it. It was made based on the price movement before the yesterday market close.
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.