2 things to look at:
1. Price is still travelling within an ascending channel and it is still facing rejection at the top of the channel.
2. The downtrend may have been broken if my trendline was drawn correctly (on 4 hour timeframe). We can see that price came back to test the trendline as support and closed above it. If the price fails to break out of the ascending channel, it is possible that we see a pullback here, since we're also facing rejection at 200 period EMA.
1. Price is still travelling within an ascending channel and it is still facing rejection at the top of the channel.
2. The downtrend may have been broken if my trendline was drawn correctly (on 4 hour timeframe). We can see that price came back to test the trendline as support and closed above it. If the price fails to break out of the ascending channel, it is possible that we see a pullback here, since we're also facing rejection at 200 period EMA.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.