By Joseph Merino:
I think the price is in a critical area, where previously the area has been a support and also a resistance to the price, points: (A C D G I L), if the price falls by the area 19.21 - 18.39, I think a Logical objective would be to go for the target zone 1 indicated in the chart, since the price would fall of a significant support and also lose the Active Bullish trend line indicated in the chart, points: (H J F L)
As for Target zone 2:
I think there is a possibility that the price will find a support in the critical area, then go up to the Zone Target Zone 2, to open long positions from the current level I need the price does not penetrate below the critical area, in addition to The Active Bullish trend line, and would also expect it to break the bearish trend line ( K M) to be more certain that the impulse is bullish.
what do you think?
I think the price is in a critical area, where previously the area has been a support and also a resistance to the price, points: (A C D G I L), if the price falls by the area 19.21 - 18.39, I think a Logical objective would be to go for the target zone 1 indicated in the chart, since the price would fall of a significant support and also lose the Active Bullish trend line indicated in the chart, points: (H J F L)
As for Target zone 2:
I think there is a possibility that the price will find a support in the critical area, then go up to the Zone Target Zone 2, to open long positions from the current level I need the price does not penetrate below the critical area, in addition to The Active Bullish trend line, and would also expect it to break the bearish trend line ( K M) to be more certain that the impulse is bullish.
what do you think?