Price has met resistance at the top of an old gap (look left).
The bottom of the gap(green dashed line) could kick in as support.
Increased volume or momentum could push it through, but for now price is struggling at a major resistance level.
Bearish Harami so far today that needs a 3rd candle for confirmation.
No recommendation.
There is no recent price action inside a gap which can propel price up and through it with ease at times. If price breaks the bottom line of the gap which is also a line of resistance until broken, it is likely to fill the gap. Issues often occur at the top line of the gap after a smooth ride up through the empty space of the gap. This was a previous gap down.
The bottom of the gap(green dashed line) could kick in as support.
Increased volume or momentum could push it through, but for now price is struggling at a major resistance level.
Bearish Harami so far today that needs a 3rd candle for confirmation.
No recommendation.
There is no recent price action inside a gap which can propel price up and through it with ease at times. If price breaks the bottom line of the gap which is also a line of resistance until broken, it is likely to fill the gap. Issues often occur at the top line of the gap after a smooth ride up through the empty space of the gap. This was a previous gap down.
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.