The price bounced from 563.65 level, and it is a new resistance for us. We should be ready to see a downward movement toward a formed by SMA50, the uptrend line, and 500$ . The price action at this zone will be able to give us a new buying opportunity.
If the price breaks this support, the next target for the downward movement will be SMA200 and 446$ support.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Published at Sun, 22 Nov 2020 13:36:15 +0000