The price rejected the blue line which is a reversal area
Since the price rejected, we should go with the trend because we had a good momentum shift
Now the price is with no clear direction, once the direction is clear, go with the trend
A good entry point would be the blue line if the price drops and rejects the area again
Since the price rejected, we should go with the trend because we had a good momentum shift
Now the price is with no clear direction, once the direction is clear, go with the trend
A good entry point would be the blue line if the price drops and rejects the area again
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.