POSSIBILITY OF UP SQUEEZE BEFORE RANGING TREND - GLYHO - 240MN
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GLYHO is arriving at a very important area, pink square zone. Probable support and resistance are marked with a green to line and a red bottom line. For the moment the trend is clearly an uptrend one. However, the market has already tested an upper point which as resulted in a strong downward pullback. The trending blue line has been holding the price up.
Beware: -Possibility of continuous uptrend then a pullback down from the red line. -Other possibility is a market fear which could lead to a brief retreat to the down red support.
Other thing: - We can see that overall the market is recovering from the pandemic effect. The blue horizontal line is marking the most relevant pivot point. This is confirming a potential area where the market is at the moment.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.