Watching Daily Resistance Closely
Price is now making a serious play at trying to move higher and back into the yearly highs.
The only thing that stands in the way of price making a fresh test of the yearly highs is the daily resistance level that price has in recent times found hard to break through.
A break higher through this level and there is a lot of space and free room for price to make a large leg higher.
A quick break and we could also start looking for breakout and intraday breakout and re-test trades.
The only thing that stands in the way of price making a fresh test of the yearly highs is the daily resistance level that price has in recent times found hard to break through.
A break higher through this level and there is a lot of space and free room for price to make a large leg higher.
A quick break and we could also start looking for breakout and intraday breakout and re-test trades.
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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.
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.