Potential reversal or continuation?
Green line - Trend this year
White line - Overall trend last few years
One to watch closely. Price has reached a strong support level, but has been moving to this point in a downtrend for the last year.
Looking for a bounce at this level on the daily to go long and a reversal. If this level breaks it may continue the current downtrend.
White line - Overall trend last few years
One to watch closely. Price has reached a strong support level, but has been moving to this point in a downtrend for the last year.
Looking for a bounce at this level on the daily to go long and a reversal. If this level breaks it may continue the current downtrend.
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.