We could head even lower in the near term as price completed a bearish breakout below:
1) Head and shoulders
2)50-days SMA
3)Rising trend line for the latest bullish wave
4)The downside breakout was supported by strong selling volume
I will look for a retest of 37.75 support level, followed by areas near the 200-days SMA support at 36.50.
Good luck, join me @:
twitter.com/thefxchannel
thefxchannel.com
1) Head and shoulders
2)50-days SMA
3)Rising trend line for the latest bullish wave
4)The downside breakout was supported by strong selling volume
I will look for a retest of 37.75 support level, followed by areas near the 200-days SMA support at 36.50.
Good luck, join me @:
twitter.com/thefxchannel
thefxchannel.com
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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.