As we can see, 
WEED buyer volume opened strong and we have been able to turn the previous resistance line into support, after closing 5 times above the previous line on the 4H chart. That double re-test right before this jump into the next Fibonacci zone, created some seriously heavy support and falling below that any time soon will be unlikely unless something drastic happens. We did see a bit of a dip after breaking resistance, which is usual, but right now we are just consolidating along the 61.8% retrace and holding support nicely. If we don't re-test 32.50, let's see if we can work our way up to ~34.33.
WEED buyer volume opened strong and we have been able to turn the previous resistance line into support, after closing 5 times above the previous line on the 4H chart. That double re-test right before this jump into the next Fibonacci zone, created some seriously heavy support and falling below that any time soon will be unlikely unless something drastic happens. We did see a bit of a dip after breaking resistance, which is usual, but right now we are just consolidating along the 61.8% retrace and holding support nicely. If we don't re-test 32.50, let's see if we can work our way up to ~34.33.
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Publications connexes
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.