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Price has hit resistance zone and a confirmation of a reversal has taken place on the 2h chart with a bearish engulfing pattern.
PRZ is reacting nicely after second test. Bearish engulfing candle is an excellent entry signal.
Price is coming out of that resistance nicely. Also nice double top indicating the top of current rally. I expect price to fall back down to trend line before reversing.
AB=CD 1.0 hit, nice reaction off of trend line.
Just my thoughts
A nice entry point would be if price were to retest that resistance and the continue the downtrend.
PRZ is only made up of 2 numbers, it's missing the AB=CD 1.0 reading so it may not be as strong. PRZ is completely tested and price is appearing to reverse.
support turned resistance is tested and price looks to be reversing.
Price tested entire PRZ and is reacting nicely.
Price has already reacted nicely after testing entire PRZ.
Price has tested the entire PRZ and is reacting promisingly.
Price is reacting promisingly after testing the entire PRZ.
Price appears to be reacting to PRZ but I would wait until price tests the entire PRZ
Price is already reacting nicely to the PRZ.
Not a huge fan of this pattern but here it is.
Not super confident about this pattern but there should be atleast a small reaction in the PRZ