-Since the end of March 2020, the market started a strong uptrend, breaking the main with strong momentum but rejected from a secondary zone at about 76.949.
The price got a small correction, bounced on the main and continued the previous uptrend, reaching the main . (The constant increasing of the and momentum were a clear sing of the market's strenght).
-On the 1st of September the price reached an important strong at about 78.478, inverting the trend; (The harami pattern confirmed the inversion).
The market started then a strong downtrend until it reached again the main that rejected the price one more time.
-The price started a new uptrend while it was in a really high period, reaching the main .
The price actually reached the main , it just got a small consolidation phase. Even if the price seems to follow an uptrend, I believe that this strong weekly resistance could invert the trend (because it happened several time in the past).
The price action is showing few signs of weakness, a possible pattern could definitely invert the market.
Before to open any position I'll wait the price breaking the secondary .
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