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The range of 65.50 to 66.20 acted as a resistance area and forced the price to fall, but we saw the price squeeze in the range of 57.60-58.80, the support power of this price range sent the price to the resistance area. It seems that we are witnessing fluctuations in this area and the price can not easily pass the area of resistance ahead.
If the price stops in the resistance area, then what pattern is formed?
The range of 65.50 to 66.20 acted as a resistance area and forced the price to fall, but we saw the price squeeze in the range of 57.60-58.80, the support power of this price range sent the price to the resistance area. It seems that we are witnessing fluctuations in this area and the price can not easily pass the area of resistance ahead.
If the price stops in the resistance area, then what pattern is formed?