We may derive the following from the Weekly ABG chart:
1. Price is at a major support level.
2. A bid is most likely to occur and buyers may step in.
3. However, a break of the trend is also possible. I would monitor price action and watch for shorting potential.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
Update idea
1. Price is at a major support level.
2. A bid is most likely to occur and buyers may step in.
3. However, a break of the trend is also possible. I would monitor price action and watch for shorting potential.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
Update idea
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.
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.