Support is established at the current level. Price might pull back up
Comment:
Price aggressively tested the identified support level and did a false breakout. The support held & pushed price to the first upside resistance level.
Momentum is unclear at this point if price still has legs for the upside. Cautious approach is necessary.
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.
Momentum is unclear at this point if price still has legs for the upside. Cautious approach is necessary.