LLOY: ⬇️ Sell
- LLOY reversed from resistance zone
- Likely to fall to support level 80.00
LLOY recently reversed down from the resistance zone between the resistance level 84.45 (former monthly high from August) and the upper daily Bollinger Band.
The downward reversal from the resistance level 84.45 created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
Given the strength of the resistance level 84.45 and the overbought daily Stochastic, LLOY can be expected to fall to the next round support level 80.00.
- LLOY reversed from resistance zone
- Likely to fall to support level 80.00
LLOY recently reversed down from the resistance zone between the resistance level 84.45 (former monthly high from August) and the upper daily Bollinger Band.
The downward reversal from the resistance level 84.45 created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
Given the strength of the resistance level 84.45 and the overbought daily Stochastic, LLOY can be expected to fall to the next round support level 80.00.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.