Strong Push Higher Through Resistance
Price has finally snapped higher out of the consolidation box pattern it had been stuck in over the three weeks.
The last time price tried to breakout it quickly reversed and created a false break.
The old breakout resistance level looks key. For the breakout to remain a breakout and not a fakeout the old resistance will need to hold as a new support.
This could also be a solid level to watch for any bullish price action clues to get long.
Thanks for your like and support.
The last time price tried to breakout it quickly reversed and created a false break.
The old breakout resistance level looks key. For the breakout to remain a breakout and not a fakeout the old resistance will need to hold as a new support.
This could also be a solid level to watch for any bullish price action clues to get long.
Thanks for your like and support.
Related publications
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.