Drawing a channel, we see a short-term potential place for a reversal.
If we do come back, the lower trend of the channel could act as a good level for a re-entry trade.
5 day moving average on a closing basis, has been working well as a short-term trend level to ease some of the position to maintain gains.
If we do come back, the lower trend of the channel could act as a good level for a re-entry trade.
5 day moving average on a closing basis, has been working well as a short-term trend level to ease some of the position to maintain gains.
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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.