We may derive the following from the J200 Weekly chart:
1. Price recovered quite well from the previous support.
2. We now face a major resistance level and backtest where a reversal to the downside is possible.
3. Check the lower time frames for possible entries. i.e. a sell setup.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price recovered quite well from the previous support.
2. We now face a major resistance level and backtest where a reversal to the downside is possible.
3. Check the lower time frames for possible entries. i.e. a sell setup.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
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.