Price rallied to the upside, retracing the previous drop and reaching the area where sellers had previously taken control.
If price rejects this zone with strong bearish candles, it would confirm seller presence and could mark the start of a new leg down, targeting the previous lows around 3,950.000.
However, if buyers manage to break above this level with momentum, it could invalidate the bearish setup.
If price rejects this zone with strong bearish candles, it would confirm seller presence and could mark the start of a new leg down, targeting the previous lows around 3,950.000.
However, if buyers manage to break above this level with momentum, it could invalidate the bearish setup.
Order cancelled
Price continued higher
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Free Telegram Signals: t.me/addlist/MLJjjTl2V-M1OTc8
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Related publications
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.