Main items we can see on the chart:
a) The price reversed from a well-tested resistance zone
b) Following the idea of what happened in the past, we developed a scenario in which the price goes towards the support zone
c) If the price breaks below the lower low, we will consider a confirmation of the bearish movement
d) You can wait for a clear structure on the zone (ABC pattern), or you can wait for the price to reach the activation zone, and look for corrections on the 1H chart
a) The price reversed from a well-tested resistance zone
b) Following the idea of what happened in the past, we developed a scenario in which the price goes towards the support zone
c) If the price breaks below the lower low, we will consider a confirmation of the bearish movement
d) You can wait for a clear structure on the zone (ABC pattern), or you can wait for the price to reach the activation zone, and look for corrections on the 1H chart
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.