Price is bouncing at at a strong previous support level at 89.6 and is now testing daily resistance level at 90.0
if price breaks trough this section, we can potentially see a reversal in the market and start to see new highs.
Alternatively price might hold and this section and continue its downtrend.
price has tested 89.6 respectively 3 times. which suggest that price is
respecting this section and wants to make bullish projection.
we should also wait for a weekly confirmation of perhaps a doji or bullish candle to support this view.
if price breaks trough this section, we can potentially see a reversal in the market and start to see new highs.
Alternatively price might hold and this section and continue its downtrend.
price has tested 89.6 respectively 3 times. which suggest that price is
respecting this section and wants to make bullish projection.
we should also wait for a weekly confirmation of perhaps a doji or bullish candle to support this view.