We may derive the following from the Weekly WHL chart:
1. Price made a good break out of the major downtrend.
2. However, the new uptrend failed to close above 6000.
3. At this point, price may find support at the current 5000 level.
4. Wait for an opportunity to present itself. And as always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price made a good break out of the major downtrend.
2. However, the new uptrend failed to close above 6000.
3. At this point, price may find support at the current 5000 level.
4. Wait for an opportunity to present itself. And as always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
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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.
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.