An update for the previous post.
Just be careful of one thing...
When the resistance is too obvious (the kind that everyone can see and is waiting for the same opportunity), the market is likely to shake some people out of the boat first.
So it's safer to wait for the market to re-test the support (resistance turn support) after the breakout.
**Not Financial Advice**
The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
Just be careful of one thing...
When the resistance is too obvious (the kind that everyone can see and is waiting for the same opportunity), the market is likely to shake some people out of the boat first.
So it's safer to wait for the market to re-test the support (resistance turn support) after the breakout.
**Not Financial Advice**
The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
Note
Watch out for this downtrend line (the red arrow). It's a strong downtrend line on the 4hur chart and daily chart.
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.