Hello guys i've found a good resistance zone. The price will fall down to the lower support. closer look at it: there is a MACD divergence, and I opened a sell limit order.
THIS IS DIFFERENT ,LOWER LOWS,LOWER HIGHS ,PRICE IS CONSOLIDATING ,WE ANTICIPATE A BREAKOUT,WHICH WAY,BULLISH STANDS OUT BECAUSE EVER SINCE A FAKE BULLISH BREAKOUT THE MARKET STARTED ACTING AS ABOVE DESCRIBED BUT IT WAS KINDA OF MAKING A BULLISH MOVE
WE HAVE 2 TAPS OF OUR DAILY RESISTANCE LEVEL WHICH HAPPENS TO ALSO FALL WITHIN THE SAME AREA AS OUR 38.20% FIB RETRACEMENT AND DESCENDING DAILY TL. A 3RD TAP AND WE'LL EITHER SEE A BOUNCE OR BREAKOUT TO THE UPSIDE. THIS IS FOR EDUCATIONAL PURPOSES ONLY, TRADE SAFE.
REFERENCE Backtesting - Anticipating FTB Before more bullish momentum
pound every time take a deep it comes up rallying very quick as we are at a larger time freme DZ 2 set ups