Rune has formed Adam&Eve double bottom. After double bottoms generally a bullish trend starts but in Rune case double bottom pattern failed because market don't have enough momentum to break its resistance and as a result Adam&Eve double tops are formed but bearish trend isn't started yet after double top because market is in its support zone and testing both its support and resistance to start a new trend.
So now we have to wait for the next market move if the support is broken then we will face a bearish trend and wait for the next buying zone.
But if market break its resistance and makes its support at that zone as shown with red dotted line in chart then it will be the next buying point.
So now we have to wait for the next market move if the support is broken then we will face a bearish trend and wait for the next buying zone.
But if market break its resistance and makes its support at that zone as shown with red dotted line in chart then it will be the next buying point.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.