The price has been consolidating since 2022 and is currently trading near a key support level around the 110 range. Previous pullbacks near this support level, as indicated by the green arrows, have shown significant reversals. Currently, a morning star candlestick pattern is forming near the support zone, suggesting potential bullish momentum. However, confirmation of the pullback will require waiting until this weekend's close.
Subscribe our Youtube and Telegram channel (Breakout_Spotter) now using the link below to get recommendations for Intraday, breakout and swing trading! t.me/+Jrf3zWm9cM1mODI1
Subscribe our Youtube and Telegram channel (Breakout_Spotter) now using the link below to get recommendations for Intraday, breakout and swing trading! t.me/+Jrf3zWm9cM1mODI1
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.