Price is completing the retest of the break of a major support line on the D1 timeframe.
Right now price is showing strength on the H1 by breaking a triangle consolidation to the upside!
We also have a clear RSI divergence from the last 2 bottoms. :)
Right now price is showing strength on the H1 by breaking a triangle consolidation to the upside!
We also have a clear RSI divergence from the last 2 bottoms. :)
Nota
Here is a better view of the longterm trendline:Orden cancelada
aaah I just realized that price actually FAILED the retest of the red line because after bouncing off of it it just went right through it. It is now retesting the fail of the longterm retest, so it is Bearish.Nota
Ah at the end of the day it is hard to read the story of the charts. Can't have it perfect all the time ..
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.