Price Looking Set to Resume Range
.After making a breakout lower, price has snapped straight back higher and back into the sideways range.
This market looked to have every chance of creating a new trend lower as price tested the price flip resistance, rejecting it with a strong bearish engulfing bar, but it just could not continue with the bearish momentum.
Price has now popped above the price flip level and back into the range area.
Whilst this price flip continues to hold as a support level we can expect to see more sideways movement.
This market looked to have every chance of creating a new trend lower as price tested the price flip resistance, rejecting it with a strong bearish engulfing bar, but it just could not continue with the bearish momentum.
Price has now popped above the price flip level and back into the range area.
Whilst this price flip continues to hold as a support level we can expect to see more sideways movement.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.