We discussed this market yesterday and the inside bar and bearish rejection candlestick that price had formed at the daily resistance level.
Price has now sold away from that level and is moving lower into support.
This support looks crucial.
Not only has this support level held in recent times as a support level, but also as an important daily chart resistance level.
If we get a break below this level, then there is a lot of free space for price to move lower and break free into.
A break of this level would also open the door for short trading opportunities on the daily and smaller time frames.
Price has now sold away from that level and is moving lower into support.
This support looks crucial.
Not only has this support level held in recent times as a support level, but also as an important daily chart resistance level.
If we get a break below this level, then there is a lot of free space for price to move lower and break free into.
A break of this level would also open the door for short trading opportunities on the daily and smaller time frames.
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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.
Penerbitan berkaitan
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.