Hello everybody!
-On a weekly chart, we can see that the price tested and rejected the resistance line last week and this week also. In the past, we can see that we had mučtiple touches on that resistance line(yellow line) so I consider that line as a strong resistance line.
-I expect that next week the price will start the day with bearish movement and I expect retest at the first green line and then we can see where the price will go.
-Will the price test and reject that line or will the breakout happen?
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a weekly chart, we can see that the price tested and rejected the resistance line last week and this week also. In the past, we can see that we had mučtiple touches on that resistance line(yellow line) so I consider that line as a strong resistance line.
-I expect that next week the price will start the day with bearish movement and I expect retest at the first green line and then we can see where the price will go.
-Will the price test and reject that line or will the breakout happen?
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
Comment:
mučtiple=multiple,...My bad, sorry for that ;)