The price is facing a strong resistance area near the top of the structure.
The resistance line is based on two previous highs dating on 08-Mar-21 and 05-July-21.
During the third touch of the line on 25-October-21, the price tried several times to move above but couldn't do that.
Actually, it looks like it will move down for the next wave of the pattern.
Price can correct higher up to 78.26 - 79.10. This would be also our price zone where we will see to sell on this setup.
Thank you and Good Luck!
The resistance line is based on two previous highs dating on 08-Mar-21 and 05-July-21.
During the third touch of the line on 25-October-21, the price tried several times to move above but couldn't do that.
Actually, it looks like it will move down for the next wave of the pattern.
Price can correct higher up to 78.26 - 79.10. This would be also our price zone where we will see to sell on this setup.
Thank you and Good Luck!
Trade closed: target reached:
Trade closed: target reached:
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