Price just finally broke out of the downtrend line and is retesting the broken daily zone.
Resistance turns support, holds and we're off. A break back within the TL will suggest more price depreciation so we have an opportunity for a tight stop.
Previous analysis linked.
Resistance turns support, holds and we're off. A break back within the TL will suggest more price depreciation so we have an opportunity for a tight stop.
Previous analysis linked.
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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.