- Trip reversed from resistance area
- Likely to fall to support level 16.80
Trip recently reversed down from the resistance area between the round resistance level 20.00, upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from April.
The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
Given the bearish divergence on the overbought daily Stochastic, Trip can be expected to fall to the next support level 16.80 (which has been reversing the price in the last few weeks).
- Likely to fall to support level 16.80
Trip recently reversed down from the resistance area between the round resistance level 20.00, upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from April.
The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
Given the bearish divergence on the overbought daily Stochastic, Trip can be expected to fall to the next support level 16.80 (which has been reversing the price in the last few weeks).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.