The price was able to successfully cross the downtrend line and SMA100 and is now in the S resistance area.Here we see will probably be the price pullback to SMA100 and the trend line, and then the price will forcefully cross the S resistance area.The upward trend of RSI can give credit to this issue.
Areas T1, T2, T3, T4, which are PRZ Fibonacci Ext BC and...
SMA100 usually plays the role of resistance well and with each failure, the price trend usually continues in the same direction.
Now the price is hitting the static resistance area and SMA100. Creating a strong high bullish candle whit high volume it can cause the price to rise to the R area.But creating return patterns in this area may cause the price to fall to...
Due to the downtrend and the approach of the price to the area of static and dynamic resistance, if the reversal candlestick patterns are created, we will probably see the price fall to T1, T2, T3 and T4.
Breaking the resistance area with a strong candlestick and high volume invalidates the analysis and can create a buy position.
If the price wants to continue its uptrend, it must break the resistance of R, which is ATH, with a strong candlestick and high trading volume. In this case, areas T1, T2, T3, which are PRZ areas of APP ABC and EX Rec CD, can be considered as possible targets, and if price fall, area B could be considered an area to end price correction.
If the price falls below...
