UCAD getting low, but how low can it go?
Chart says it all. Many areas to take profit and also to catch counter trends.
We may may see one more trip to the mid line of the current channel, but soon it will break and when it does it will be strong.
We may may see one more trip to the mid line of the current channel, but soon it will break and when it does it will be strong.
Note
It looks like we will be attempting a retest of the midline before we turn aroundNote
So far this is what we expected, now will we get chop here at this first support level or will we plunge through?Note
Textbook... we are breaking through a level of support watch for consolidation and then a break through then a retest.
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
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.
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
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.