The price on AC makes a fakeout above the daily resistance zone (red zone). Price came back and broke under the zone while over sold (see RSI) Price is retracing towards our strong resistance zone making a rising wedge, while doing thet the RSI Rises as well. Waiting for some rejection or bearisch pressure to get in this trade. Take profit is set on the 1 and 4HR demand zone. just to be safe.
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Let me know your ideas on AC.
Have a nice trading week everyone.
Did tou like this analysis? please give it a like.
Let me know your ideas on AC.
Have a nice trading week everyone.