Testing the supply zone 87-89
NCFJ2021Although the price still on the above uptrend line, the price rally is losing steam.The waves are reaching the top. One or two times testing them to reach supply zone at 87-89 before losing seam and drop to approx 75.
Trade closed: target reached
It is losing steam, target reached at zone +/- 75 and price retrace slightly at that demand zone.
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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.