Price has reached a critical area, the long term descending trendline which also aligns with the long term descending trendline. Will be watching for a breakout to the upside as price is in a strong uptrend making higher highs & lows. However, if a double top formation is displayed at this region, then a reversal back to the downside may occur so will be watching this area closely.
Yorum:
D1: Descending trendline & 61.8 fibonacci retracement.