Not broken YET!
Despite what many think, long term support and resistance trend lines have been perfectly symmetric and not broken. So, there is no reason to panic.
The trend lines showed are cloned. They have the same angle and the price has respected the trend without any false alarms.
However, for investing, I don't think it's an appropriate moment to trade, as it might can make a retracement, or continue the rally as for the moment. Better watch when it's near the trend lines.
Even though it hasn't broken yet, I also consider the idea that it might crash at any moment in the near future. Time will tell, but better confirm it securely with the trend.
The trend lines showed are cloned. They have the same angle and the price has respected the trend without any false alarms.
However, for investing, I don't think it's an appropriate moment to trade, as it might can make a retracement, or continue the rally as for the moment. Better watch when it's near the trend lines.
Even though it hasn't broken yet, I also consider the idea that it might crash at any moment in the near future. Time will tell, but better confirm it securely with the trend.
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