Orange circles highlight repeated price rejection and the formed doji that suggests a slowdown in a bullish wave and potential reversal. The confluence of the descending trendline and horizontal supply/resistance zone creates a high-probability reversal or breakout from this triangle.
If the price rejects again from the current supply zone and triangle, short setup toward the Fibonacci retracements or demand zones (18300 and below).
If the price breaks above the descending trendline, bullish continuation will likely target 20,000+ (Swing H).
Trend remains down.
Entry 19300
TP 18300 below
Target 14k.
If the price rejects again from the current supply zone and triangle, short setup toward the Fibonacci retracements or demand zones (18300 and below).
If the price breaks above the descending trendline, bullish continuation will likely target 20,000+ (Swing H).
Trend remains down.
Entry 19300
TP 18300 below
Target 14k.
Trade aktif
The break of the triangle structure and descending line will take us to these levels. The first box has been reached, and I expect a strong reversal from the golden pocket. Catatan
Strong rejection of the golden pocket. I expect the test of 78.6% (19479) later in the afternoon. RSI is at neutral, although forming a bearish divergence. Short is running from below 61.8% (19965).
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.