The previous 2 daily candles have closed as bearish pinbars indicating a strong rejection at resistance form the sellers and a possible downmove.
However, the previous swings at this level show that selling pressure is losing momentum. If the market starts to consolidate at resistance, we could see a breakthrough and a continued upmove.
However, the previous swings at this level show that selling pressure is losing momentum. If the market starts to consolidate at resistance, we could see a breakthrough and a continued upmove.
