WCT- Recovery Mode- Collection Stage
Price actions show price found bottom from the "W" bottom formation and short term daily moving average has crossed the mid and long term moving average which has flatten and start to curve up. Candles also climb above the moving average, with this trend continue. All the moving average will continue to slope up.
On weekly basis, candle is currently approach 0.57 resistance level .
On the way to to recovery, it needs to cross multiple resistance levels
- Resistance -0.655
- Resistance -0.775
- Resistance -0.945
- Resistance -1.12
it is generally a collection stage for mid to longer term player .
On weekly basis, candle is currently approach 0.57 resistance level .
On the way to to recovery, it needs to cross multiple resistance levels
- Resistance -0.655
- Resistance -0.775
- Resistance -0.945
- Resistance -1.12
it is generally a collection stage for mid to longer term player .
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