*Simple Analysis*
1) Price broke a strong support level so it'll retest this level or test the next level below it
2) Current trend is down overall
We can conclude that there is more of a chance continuing down since it has been on a strong down trend already. My bias is short to the next level.
The chart shows the 3 possible outcomes, takes your pick.
1) Price broke a strong support level so it'll retest this level or test the next level below it
2) Current trend is down overall
We can conclude that there is more of a chance continuing down since it has been on a strong down trend already. My bias is short to the next level.
The chart shows the 3 possible outcomes, takes your pick.
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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.
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.