We may derive the following from the Weekly SBK chart:
1. Price has dropped significantly (See linked idea).
2. Some profit can be taken.
3. It is possible that price may consolidate for a while before reaching the 160 support level
4. Keep holding short, but don't leave money on the table.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price has dropped significantly (See linked idea).
2. Some profit can be taken.
3. It is possible that price may consolidate for a while before reaching the 160 support level
4. Keep holding short, but don't leave money on the table.
5. 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.