Overall we have a major downtrend based off the higher timeframes (Weekly/Daily)
The price has broke below the trend line, so we should see a continuation to the down side.
Price should reach TP 1: 24638.6
We may see a rejection back up to the entry level, but as long as price continues breaking below it should reach TP 4: 22281.5
The price has broke below the trend line, so we should see a continuation to the down side.
Price should reach TP 1: 24638.6
We may see a rejection back up to the entry level, but as long as price continues breaking below it should reach TP 4: 22281.5
Note
Price hit a major support level of 3300 pips. Stop loss could be moved to entry. Will see if there's a continuation as it is currently losing steam.
Djuante Kellerwoods
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.
Djuante Kellerwoods
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.