ACB crosses the upward trend line, can it reverse?
We have closed below the upward trend line, and out of the falling wedge. The weakness of the reaction rally foreshadowed the sharpness of the decline that followed. If we cannot hold support at 9.00 and start to form a reversal. If not, we will most likely test 8.50. Today hit support and got rejected twice, Will this be a reversal or will it continue to test lower?
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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.