Retest awaiting confirmation RESISTANCE THEN WAIT FOR A TURNAROUND OR A BREACH OF RESISTANCE.
1) IF THE PRICE WE CAN BREAK RESISTANCE TO GO IN LONG 132,008.
2) IF THE PRICE RESISTANCE bounces off we can take TP1 125.30 and TP2 127.35 ..
formation of a descending triangle on the daily chart formed by a trendline that has been validated four times and support I is validated, it is expected that price does break the pattern of descending triangle to go to the next monthly support, which is in 118.75-116.40.
YOU CAN SEE THE BREACH OF MA (200 PERIODS), THEN THE RETEST IN AN AREA OF SUPPORT AND THE MA (200 PERIODS). WAITING FOR BREACH OF WEEKLY SUPPORT TO GO SHORT.
It is a movement BACK LEADING TO THE FORMATION OF A RANGE OR POSSIBLE BREAKING THE AREA OF WEEKLY RESISTANCE FOR ...
THE PRICES CAN MAKE THESE TWO MOVEMENT, THERE IS A HIGH CHANCE THAT MAKE THE PRICE MOVEMENT A.
IN MOVEMENT (A) YOU CAN SEE A BREACH OF RESISTANCE ZONE AND ALSO ALSO THE BREACH OF MA (50 PERIOD), HOPING THE REACTION OF PRICE TO GO LONG.
IN MOVEMENT (B) YOU CAN SEE THE RETEST A ZONE OF RESISTANCE AND MA (50 ...