if MOL's weekly candle closes above the resistance line, it may indicate a downtrend breakout.
Confirm the Breakout: A single weekly close above the resistance line might be an initial signal, but confirmation is essential. You may want to look for additional confirmation, such as:
A subsequent weekly candle that remains above the resistance level.
Increased trading volume, which can indicate strong interest and validate the breakout.
Disclaimer: This information is for educational purposes only and should not be considered as financial advice. Always conduct your own research or consult with a financial advisor before making trading decisions. Trading involves risk, and it's important to trade according to your risk tolerance and use proper risk management strategies.
Confirm the Breakout: A single weekly close above the resistance line might be an initial signal, but confirmation is essential. You may want to look for additional confirmation, such as:
A subsequent weekly candle that remains above the resistance level.
Increased trading volume, which can indicate strong interest and validate the breakout.
Disclaimer: This information is for educational purposes only and should not be considered as financial advice. Always conduct your own research or consult with a financial advisor before making trading decisions. Trading involves risk, and it's important to trade according to your risk tolerance and use proper risk management strategies.
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.