Last day candle is going to close below the Strong Support line at 1860 which is considered a break in support.
If you look at the other touches I circled, no candle closed below the line without selling for a bit.
Also another reason to support this sell is the head and shoulders formation, we already have a shoulder and a head and if you look closely it’s possible a right shoulder is forming.
Also the touches inside the small trend lines makes the resistance even stronger.
Everything from my perspective right now leads to a sell. The only situation that could support the buyers is very convenient news leading to USD losing value.
Summary: Candle couldn’t break resistance and it’s gonna close below support, while possibly forming the right shoulder for the H&S formation.
I’m a buyer and a seller so I’m open minded to both options.
But I realize those that are specialized in one type of order are close minded to other possibilities.
So if you’re strictly a buyer and gonna comment with negativity save it 😂😂
If you look at the other touches I circled, no candle closed below the line without selling for a bit.
Also another reason to support this sell is the head and shoulders formation, we already have a shoulder and a head and if you look closely it’s possible a right shoulder is forming.
Also the touches inside the small trend lines makes the resistance even stronger.
Everything from my perspective right now leads to a sell. The only situation that could support the buyers is very convenient news leading to USD losing value.
Summary: Candle couldn’t break resistance and it’s gonna close below support, while possibly forming the right shoulder for the H&S formation.
I’m a buyer and a seller so I’m open minded to both options.
But I realize those that are specialized in one type of order are close minded to other possibilities.
So if you’re strictly a buyer and gonna comment with negativity save it 😂😂