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Price produced a Gap on previous market open. Nevertheless it's been rejected by Resistance level. It signals the price will rather close the Gap and retest the horizontal support. In case there is a confirmed breakout we can initiate a short position.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price produced a Gap on previous market open. Nevertheless it's been rejected by Resistance level. It signals the price will rather close the Gap and retest the horizontal support. In case there is a confirmed breakout we can initiate a short position.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.