As price is seeing rejection at the moment, I believe it will still continue to go higher, deeper into the SZ.
Let's wait for a confirmation of rejection on the price level as marked on the chart where there is confluence of Strong Resistance & Monthly Pivot.
Let's wait for a confirmation of rejection on the price level as marked on the chart where there is confluence of Strong Resistance & Monthly Pivot.
Comment:
Price has indeed gone higher and deeper into the SZ. Let's wait for confirmation of rejection in the zone for a short trade opportunity.
Trade active
Trade closed manually:
DZ formed and invalidated opposing SZ.