Higher-Timeframe Channel Rejection & Target Alignment
HTF Context: Price is respecting a macro ascending channel (4 years) on the monthly chart, with last month showing a strong bearish rejection off the upper boundary.
--Since the start of this month, three consecutive weeks have closed bearish, indicating that downward momentum has not been exhausted yet.
-- The most probable downside target is the confluence area where the red descending trendline intersects the monthly key support level.
HTF Context: Price is respecting a macro ascending channel (4 years) on the monthly chart, with last month showing a strong bearish rejection off the upper boundary.
--Since the start of this month, three consecutive weeks have closed bearish, indicating that downward momentum has not been exhausted yet.
-- The most probable downside target is the confluence area where the red descending trendline intersects the monthly key support level.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.