Near the resistance zone
Wait and watch ,if it breaks the lower resistance zone of 438 ,would not necessarily rally higher, it needs strong buying pressure in this zone to cross,but buying volume is not significant yet.In case of rejection in the zone 438 to 458 ,price will fall to channel support
Current in the channel ,heading toward channel resistance
From harmonics point of view leg c of the previous impulse drawn on hourly timeframe after deep correction price is facing resistance at 438 ,if leg c is about to complete and tired then we may see another impulse in downward direction very soon.
Wait for Heiken ashi dozi in hourly time frame and selling pressure or bearish candle.
Wait and watch ,if it breaks the lower resistance zone of 438 ,would not necessarily rally higher, it needs strong buying pressure in this zone to cross,but buying volume is not significant yet.In case of rejection in the zone 438 to 458 ,price will fall to channel support
Current in the channel ,heading toward channel resistance
From harmonics point of view leg c of the previous impulse drawn on hourly timeframe after deep correction price is facing resistance at 438 ,if leg c is about to complete and tired then we may see another impulse in downward direction very soon.
Wait for Heiken ashi dozi in hourly time frame and selling pressure or bearish candle.
