Contraction at play
1. volatility is contracting continuously 3 bases
2. price squeezing near a long term resistance
3. price taking support from 20 ema
its a weekly chart so price movement can take long time to achieve target
2. price squeezing near a long term resistance
3. price taking support from 20 ema
its a weekly chart so price movement can take long time to achieve target
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.