Hello guys!
Price just created a textbook fakeout above the resistance zone, grabbing liquidity and quickly dropping back into the range!
Here’s what the chart is showing:
Price is still inside the ascending channel, but the breakout attempt failed
The MPL (maximum pain level) around $162.30 is the key downside target
Two possible paths:
I think the S2 is more probable!
Price just created a textbook fakeout above the resistance zone, grabbing liquidity and quickly dropping back into the range!
Here’s what the chart is showing:
Price is still inside the ascending channel, but the breakout attempt failed
The MPL (maximum pain level) around $162.30 is the key downside target
Two possible paths:
- S1: Direct drop from here toward the MPL
- S2: Another move up to retest the highs or form a lower high before the deeper drop
I think the S2 is more probable!
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Sign up now and get $5: veles.finance/invite/melika
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
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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.
Tired of watching charts all day? Veles lets you create trading bots that work 24/7.
Sign up now and get $5: veles.finance/invite/melika
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Sign up now and get $5: veles.finance/invite/melika
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
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.