This week, we may have price coming into a very key price area because we have a lot of structure meeting at one price.
So for this week, I will be paying attention to how exactly price action gets us to this area. Specifically, I would like to see a double bottom or a descending channel form which would indicate a potential reversal.
Long term Take profit would be at the top of structure, but I will monitor price action on the way up!
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.