DOT 4H uptrend price action

٢٧ أغسطس ٢٠٢١

The current impulse wave faced a resistance area (purple PRZ) which price showed lots of reactions to this area before. the short term correction wave can be ended if the price shows a meaningful reaction to the static PRZ (green PRZ) which is reinforced with level 38.2 of Fibonacci retracement. if the price break this PRZ down with a full body candle it can decrease to the bottom line of the channel where the level 78 of Fibonacci and static PRZ (blue PRZ) can support the price.
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