On the weekly chart we can establish the following facts:
- Price is in an accumulation pattern (high volume tests on the downside, low volume on the upside) - Descending trendline confluent with 0.33 offering strong overhead resistance - A target that is more than viable , also a confluence between an order block and the 0.66.
This update isn't meant to say that we will go up now , not at all . Look at it as a "certified" long term strategy that is based on the IF THIS THEN THAT assumption.
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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.