the upward movement was supposed to create a range or lower high relative to the previous swing, now it broke the resistance and made a higher so there will be a sell soon which will make a higher low which means a short term sell which we are seeing with the spike but it is retracing back to the resistance turn support level R =S.
wait for confirmation because the spike as u can see is not yet in the region of a sell.
watch for confirmation before placing either a buy order which will soon end and also a sell which is short term.
there is a high probability of an uptrend which will be confirmed once it makes a higher low
PLEASE FOLLOW :)
wait for confirmation because the spike as u can see is not yet in the region of a sell.
watch for confirmation before placing either a buy order which will soon end and also a sell which is short term.
there is a high probability of an uptrend which will be confirmed once it makes a higher low
PLEASE FOLLOW :)