As mention in the previous idea the price effectively retrace towards the downside after testing the resistance area around the 2350 (red lines), however the sellers where not strong enought and when they face the 50% of the previous up movement they fail to keep pushing lower (see the arrows) .. later the price broke to the upside with strength .. so the u trend channel is confirmed ... so in this context is better to wait to trade around the extremes because those are the places that gives the lower risk in comparison to the possible reward
Commentaire:
The price is facing some resistance around the 2460 .. LSH area
Commentaire:
The price has been able to hold the uptrend action ... see how the price fails trying to make Lower lows ...the buyers seem pretty strong
Commentaire:
Based on the 4h chart the price reached the upper limit of the up trend channel
