Two scenarios for reactions to TL and resistance
Actualizado
two scenarios:
1. Bearish: testing 147.90 and back to bottom of the thick magenta channel.
pressures of long term TL (magenta), resistance, smaller timeframe TL (purple).
2. Bullish: pass the resistance line. aiming 150.10
1. Bearish: testing 147.90 and back to bottom of the thick magenta channel.
pressures of long term TL (magenta), resistance, smaller timeframe TL (purple).
2. Bullish: pass the resistance line. aiming 150.10
Nota
Bearish scenario is in place at the moment. to be bullish, price had to pass resistance at 147.91, long term trendline (magenta) and smaller descending channel upper trendline (purple).Nota
target 1: 145.04target 2: 140.60
Operación cerrada: objetivo alcanzado
both targets reached
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