Hello, everyone!
Yesterday in this article I told that if the price will go up from that platform we can see the big bounce scenario. Now the price is trying to break through the major resistance. Here we can see the supply zone and the 0.38 Fib level. It is logically to expect some correction from this level, but we still did not receive any bearish signal even on 4h timeframe. That is why I will not be surprised if this major resistance is going to be broken easy.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Yesterday in this article I told that if the price will go up from that platform we can see the big bounce scenario. Now the price is trying to break through the major resistance. Here we can see the supply zone and the 0.38 Fib level. It is logically to expect some correction from this level, but we still did not receive any bearish signal even on 4h timeframe. That is why I will not be surprised if this major resistance is going to be broken easy.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
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