The price on AC
makes a fakeout above the daily resistance zone
(red zone). Price came back and broke under the zone while over sold (see RSI
) Price is retracing towards our strong resistance zone
making a rising wedge
, while doing thet the RSI
Rises as well. Waiting for some rejection or bearisch pressure to get in this trade. Take profit is set on the 1 and 4HR demand zone
. just to be safe.
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Let me know your ideas on AC
Have a nice trading week everyone.