We may derive the following from the Weekly MEI chart:
1. After price broke out of our consolidation, it is now testing the main downtrend.
2. It is uncertain if it will break, so we need to monitor it closely.
3. Wait for a long setup and be patient before trading.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. After price broke out of our consolidation, it is now testing the main downtrend.
2. It is uncertain if it will break, so we need to monitor it closely.
3. Wait for a long setup and be patient before trading.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.