Price is currently testing the weekly pivot point, but significant resistance remains overhead. We could see a fake breakout of the descending channel before a true downside move materializes.
Key Levels & Scenarios:
Until we clear $182 decisively, the structure remains bearish. Trade the ranges carefully.
Key Levels & Scenarios:
- Primary Target: $136-146 range
- Bullish Invalidation: A confirmed break & hold above $182 would shift bias, opening path to $200
Until we clear $182 decisively, the structure remains bearish. Trade the ranges carefully.
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✅My Telegram
t.me/trading_mura
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.