As you can see my chart we touched the 7.4K-7.5K range 4 times! You might think that the more time we test a price level, the stronger is becomes, as a support. However the opposite is true. The more time we test a level the higher the chance we gonna break it.
We also made a lower low on the 4H chart, creating a formation. Both tops are on the 0.382 fibb level which is acting as a strong resistance.
***It is not a financial advice, it is only my own opinion***
If you liked the analysis please leave a like, and if you have any questions comment below!
Say Hi to Bart.