Clear trendline role reversal in play — previous support now acting as strong resistance📉
Price rejection seen near:
🔹 Trendline resistance
🔹 RSI bearish range shift (marked by repeated failures to cross 60)
🔹 Fib 0.786 retracement zone (not shown in chart)
All confluences suggest a potential pause or short-term pullback unless price breaks out with strong volume.
Price rejection seen near:
🔹 Trendline resistance
🔹 RSI bearish range shift (marked by repeated failures to cross 60)
🔹 Fib 0.786 retracement zone (not shown in chart)
All confluences suggest a potential pause or short-term pullback unless price breaks out with strong volume.
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.
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.