Hi Folks:
Ascending channel has been broken and therefore we could see a continuation of the downtrend to any of the two targets (purple arrows).
Target was achieved and now it is all about finding the optimal spot for a possible reversal.
Cheers.
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Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Ascending channel has been broken and therefore we could see a continuation of the downtrend to any of the two targets (purple arrows).
Target was achieved and now it is all about finding the optimal spot for a possible reversal.
Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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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.
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.