Ignoring the strong supporting trendline on the weekly time frame. My bias is bearish to the strong supporting higher time frame level.
Retest of the lows before a potential reversal is considered. However if the weekly candle closes bearish then next week we could potentially look at price retesting the underside of the trend line.
Retest of the lows before a potential reversal is considered. However if the weekly candle closes bearish then next week we could potentially look at price retesting the underside of the trend line.
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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.