Most likely down
Hello people
Price made a minor pullback after downtrend but was stropped by the resistance line.
Most likely scenario is that price will drop further to targeted price levels.
In case scenario 2 unfolds, price need first to break the resistance line. If broken, then most likely scenario 2 will play out and price will eventually hit the targeted prices level. However, beware of bull-trap once the prices breaks the resistance line. The price needs to make a retest before we can enter a trade for the upward movement.
Take care & good luck .
Price made a minor pullback after downtrend but was stropped by the resistance line.
Most likely scenario is that price will drop further to targeted price levels.
In case scenario 2 unfolds, price need first to break the resistance line. If broken, then most likely scenario 2 will play out and price will eventually hit the targeted prices level. However, beware of bull-trap once the prices breaks the resistance line. The price needs to make a retest before we can enter a trade for the upward movement.
Take care & good luck .
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