I forgot to post this analysis but as you can see price has been bouncing off the weekly bullish channel and showing that buyers are still in control. Price has touch a major demand/support area showing candle rejection as well as an inverse head and shoulders and a double bottom. price should reach previous high and follow the strong bullish trend
Strong rejection on a major resistance on the daily where price fail previously. Doji reversal candle formed on the daily where its touching a major turning point in the market as well as touching a major weekly trendline . Stochastics are showing overbought conditions on both daily and weekly time frame.Last but not least its forming a double top on the...
Strong rejection on a major resistance on the daily where price fail previously. Doji reversal candle formed on the daily where its touching a major turning point in the market as well as touching a major weekly trendline. Stochastics are showing overbought conditions on both daily and weekly time frame.Last but not least its forming a double top on the resistance...
strong major resistance zone on the daily showing candle rejection while touching my weekly trend line. Stochs are overbought on the 4hour daily and weekly time frame. price should respect zone and fall
