Correction is completed
Since our last article, our price has been adjusted to the next level of resistance. However, at the moment it is trying to gain a foothold below and the second candle being under our level proves it.
Our technical indicators also points out the resumption of the downward movement. Now on the 4-hour chart we observe that the quotation crosses the middle strip of the Bollinger Bands and tends to the lower border.
Therefore, we are assuming that the price will be directed down to the next level of resistance. Thus we advise to take short positions and look for points to exit near support levels.
Our technical indicators also points out the resumption of the downward movement. Now on the 4-hour chart we observe that the quotation crosses the middle strip of the Bollinger Bands and tends to the lower border.
Therefore, we are assuming that the price will be directed down to the next level of resistance. Thus we advise to take short positions and look for points to exit near support levels.
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