The price has been moving in a rising channel since the last bigger bearish correction.
As this movement makes smaller corrections when bouncing off the indicated resistance zone, it may be a way to break above previous highs.
Looking for movement in the channel until the horizontal resistance, as this is a decision zone.
Until then, the channel provides us with both bullish and bearish setups as the price is moving inside.
If we see a breakout below the support zone, the idea of a rising channel above the previous high is invalidated.
As this movement makes smaller corrections when bouncing off the indicated resistance zone, it may be a way to break above previous highs.
Looking for movement in the channel until the horizontal resistance, as this is a decision zone.
Until then, the channel provides us with both bullish and bearish setups as the price is moving inside.
If we see a breakout below the support zone, the idea of a rising channel above the previous high is invalidated.
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.