Next, we have set three price ranges to note. - Resistance line (132.850) - It was a half-value return of the fall of 5/1 - 5/7, and strong resistance that was stagnant in the past. - Support line ① (131.787) -Fibo 0.236. The past turnover is low, and it is not often noticed. - Support line ② (130.813) -Fibo 0. Lowest price last fall.
Based on those, we assumed three scenarios. - Scenario ① (green line) - Ascends along the A-BOX, bounces off the resistance line, and falls significantly. - Scenario ② (red line) - After several attempts at the resistance line, the price will fall. - Scenario ③ (blue line) - Fall along the B-BOX.
Here are some other points. - The resistance line has returned to half-price, and there is likely to be a rise to that level. - The resistance line is a strong resistance band and does not exceed it. - The EMA (25,75,200) saw a gradual decrease. Neutral or down-looking.
The strategy was short after confirming that it was repelled at the resistance line. It was short when I saw that I entered the B-BOX early. is.
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