Since the turn of the year, prices seemed to bounce back up after retracing to the Demand Zones.
Will it still be the case for this time around?
If it doesn't, then the long term up trend line could be broken. If this is really the case, then the next Demand Zone should be the next area to be tested.
This also means the remaining months will be bumpy as the kangaroo takes over until either the bull or bear regains control.
Trade safely!
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Will it still be the case for this time around?
If it doesn't, then the long term up trend line could be broken. If this is really the case, then the next Demand Zone should be the next area to be tested.
This also means the remaining months will be bumpy as the kangaroo takes over until either the bull or bear regains control.
Trade safely!
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
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.