Starting with the 1 hour timeframe, price-action is currently trading in a wedge formation below the 200 Simple Moving Average (SMA) RSI is also below 50 suggesting that bears are currently stronger.
Let's take a look at the 4hr.
With the 4hr timeframe we can get a better view of the wedge. RSI is below 50, and it appears price action wants to pullback to the 200 SMA.
Lastly let's take a look at the daily, the timeframe that really matters the most.
This timeframe convinces me that price action is likely to drop back down to the ascending trendline. However I believe on another retest, that ascending TL very well could break is we get strong bearish momentum. If PA breaks the ascending TL, expect 50k to be the next level of support in the days/weeks ahead.
That's it - That's all
Trade Safe
Let's take a look at the 4hr.
With the 4hr timeframe we can get a better view of the wedge. RSI is below 50, and it appears price action wants to pullback to the 200 SMA.
Lastly let's take a look at the daily, the timeframe that really matters the most.
This timeframe convinces me that price action is likely to drop back down to the ascending trendline. However I believe on another retest, that ascending TL very well could break is we get strong bearish momentum. If PA breaks the ascending TL, expect 50k to be the next level of support in the days/weeks ahead.
That's it - That's all
Trade Safe
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
➡️ Managed Forex Accounts manage.forex
➡️ Passing Services wepasschallenges.com
➡️ Premium Expert Advisors iqalgos.com
➡️ 1-on-1 Mentorship miamitradingacademy.com
➡️ Best Prop Firm | 15% Off Code "MIKE15" @ 8figuretrader.com
➡️ Passing Services wepasschallenges.com
➡️ Premium Expert Advisors iqalgos.com
➡️ 1-on-1 Mentorship miamitradingacademy.com
➡️ Best Prop Firm | 15% Off Code "MIKE15" @ 8figuretrader.com
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.