Running back of the ZN1! Waiting for pullback or break
The market was going down for a while now, with few pullbacks on the supporting blue line.
When volumes increased we noticed a strong break of the support. A powerful move not giving anymore room for a short entry.
Market gave us a signal of return to the support line which is now a resistance line.
Line that have seen some past pullbacks, therefore, we look at possibility of pullback or a break of that line for a change of market trend.
When volumes increased we noticed a strong break of the support. A powerful move not giving anymore room for a short entry.
Market gave us a signal of return to the support line which is now a resistance line.
Line that have seen some past pullbacks, therefore, we look at possibility of pullback or a break of that line for a change of market trend.
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.