Price has been in a Bearish Channel since hitting the peak in 11th Sep. On Wed, price hit the lower channel, consolidate before the bulls make a move on Thu. But on Fri, price reverse course and came off. The area where price reverse is a previous daily support and also a daily supply proximal line(blue line). I will be looking to go SHORT on pull back but will be prudent in my TP cos price is actually deep inside a weekly demand zone. Thereafter, I will be looking for any sign off strength that might signal a bullish reversal.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.