Updated
ACB on the weekly timeframe
As I trade (with the trend) on the lower timeframes, here's a chart to back up my analysis on the weekly chart.
Note
Compared to the average mean price, momentum favours the bulls. Downside risk is limited as ACB formed double bottom support and will now move to test the upper limit of the range where it is expected to find resistance. This will not be a moon shot, however we will see it in the next 2-3 months most likely.
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.
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.