- Trip reversed from resistance area
- Likely to fall to support level 16.00
Trip recently reversed down from the resistance area located at the intersection of the strong resistance level 18.00, upper weekly Bollinger Band and the 38.2% Fibonacci correction of the weekly downtrend from 2024.
The downward reversal from this resistance area stopped the earlier weekly impulse waves i and C.
Given the strength of the resistance level 18.00 and the overbought weekly Stochastic, Trip can be expected to fall to the next support level 16.00.
- Likely to fall to support level 16.00
Trip recently reversed down from the resistance area located at the intersection of the strong resistance level 18.00, upper weekly Bollinger Band and the 38.2% Fibonacci correction of the weekly downtrend from 2024.
The downward reversal from this resistance area stopped the earlier weekly impulse waves i and C.
Given the strength of the resistance level 18.00 and the overbought weekly Stochastic, Trip can be expected to fall to the next support level 16.00.
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。