We may derive the following from the Weekly PIK chart:
1. Price has bounced off the major support level (purple box). See previous linked idea.
2. Price is now testing the previous support levels (now resistance).
3. Monitor price action and wait for a clear opportunity.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price has bounced off the major support level (purple box). See previous linked idea.
2. Price is now testing the previous support levels (now resistance).
3. Monitor price action and wait for a clear opportunity.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
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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.
Related publications
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.