Looking at monthly levels looks like we may be in a accumulation stage, we seam to be in a pattern of some sorts. If we break out pass the over head level I could see the momentum of distribution pick up and could maybe push pass the next level above to to test higher levels a pull back to the bottom level would signal a buy for me based on the R/R. One would maybe want to zoom in on lower time frames and possibly find a better entry or set up on this one.
This is only educational and not financial advice any likes or comments are greatly appreciated.
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.