Price has formed HH and HL on the weekly and daily timeframes. Price has bounced several times off the 150.500 support level. The daily and 4 hour candles are showing weakness around the support level.
Candles bouncing off the support level will meet many confluences
- Fibonachi
- Whole number
- 3rd bounce off trend line and many more
- HL formation
- Double bottom to the previous candle
Candles bouncing off the support level will meet many confluences
- Fibonachi
- Whole number
- 3rd bounce off trend line and many more
- HL formation
- Double bottom to the previous candle
Comment:
Not the best of trades..Moving on to the next one.