We may derive the following from the Weekly BVT chart:
1. Price has pretty much reached our first target (See linked idea).
2. Majority of profit can be taken.
3. A bid is most likely to occur at demand level (purple box).
4. Monitor price action and watch for further shorting potential.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price has pretty much reached our first target (See linked idea).
2. Majority of profit can be taken.
3. A bid is most likely to occur at demand level (purple box).
4. Monitor price action and watch for further shorting potential.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.