this is a price sequence off the monthly chart.
the sell off point (2) was ideal to continue attack the last month low (1) as a momentum play. However if it fails, price normally retraces to the points marked out.
WARNING: DO not dismiss the fact that price can continue to push further down and make a new low
the sell off point (2) was ideal to continue attack the last month low (1) as a momentum play. However if it fails, price normally retraces to the points marked out.
WARNING: DO not dismiss the fact that price can continue to push further down and make a new low
Order cancelled
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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.