The instrument has formed a cluster of local support levels, each of which is confirmed by several touches, which indicates a cluster of long participants' stops behind them. Also, the decrease in the highs indicates limit sellers pushing the price to break.
The signal to enter the transaction will be a smooth approach with trading near the first level and the appearance of activity in the glass before the impulse to execute stops.
The signal to enter the transaction will be a smooth approach with trading near the first level and the appearance of activity in the glass before the impulse to execute stops.
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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.