- Trip reversed from resistance area
- Likely to fall to support level 16.00
Trip recently reversed down from the resistance area located at the intersection of the strong resistance level 18.00, upper weekly Bollinger Band and the 38.2% Fibonacci correction of the weekly downtrend from 2024.
The downward reversal from this resistance area stopped the earlier weekly impulse waves i and C.
Given the strength of the resistance level 18.00 and the overbought weekly Stochastic, Trip can be expected to fall to the next support level 16.00.
- Likely to fall to support level 16.00
Trip recently reversed down from the resistance area located at the intersection of the strong resistance level 18.00, upper weekly Bollinger Band and the 38.2% Fibonacci correction of the weekly downtrend from 2024.
The downward reversal from this resistance area stopped the earlier weekly impulse waves i and C.
Given the strength of the resistance level 18.00 and the overbought weekly Stochastic, Trip can be expected to fall to the next support level 16.00.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.