Monthly Chart :
The price broke down the MUT (Major Upper Trendline) what lasted for 10 YEARS :
Moreover, The Price found Resistance on that MUT, and on the old Resistance Area between 186-192.
Note the Weekly Chat :
When you move into Daily Resolution, we can see clearly how the Buyers Failed to hold the Price above the MUT, and therefore, showing weakness :
Shorts can be launched at the current trading zone. But we have to calculate the risk in relation to the coming week open
The Main Profit Taking Target is - 143
The price broke down the MUT (Major Upper Trendline) what lasted for 10 YEARS :
Moreover, The Price found Resistance on that MUT, and on the old Resistance Area between 186-192.
Note the Weekly Chat :
When you move into Daily Resolution, we can see clearly how the Buyers Failed to hold the Price above the MUT, and therefore, showing weakness :
Shorts can be launched at the current trading zone. But we have to calculate the risk in relation to the coming week open
The Main Profit Taking Target is - 143
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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.