We may derive the following from the Weekly NED chart:
1. Price has reached our key support and first target (see linked idea).
2. We can now take some profit as price may either recover or continue lower.
3. Wait for an opportunity to present itself first. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price has reached our key support and first target (see linked idea).
2. We can now take some profit as price may either recover or continue lower.
3. Wait for an opportunity to present itself first. 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.