The break of the balance led to a trending up move right to the next resistance level. Unfortunately, the heavy lifting had happened in the overnight session. The day session opened when the price was at the resistance. Later, the price came down to 38.2% retracement and offered an objective long for the buyers.
The price remains hanging around the resistance level which is still intact. A premature break of that resistance may lead to a liquidation move back to the support. Ideally, the buyers would keep the price above today's low and consolidate it before making their next assault.
8/29/2019
The price remains hanging around the resistance level which is still intact. A premature break of that resistance may lead to a liquidation move back to the support. Ideally, the buyers would keep the price above today's low and consolidate it before making their next assault.
8/29/2019
