long term bullish, short term bearish (touching 136x price)
i really like this chart very much, the market really respect the chart and weekly trendline very much
from there we could see 3 step scenario
1. 2 or more weekly candle would retest the new support line soon (around 135x -136x)
2. that 2 or more red candle would change bullish macd into bearish macd
3. after that we back to side way trend with macd showed bearish trend later (look at maret-may 2019)
from there we could see 3 step scenario
1. 2 or more weekly candle would retest the new support line soon (around 135x -136x)
2. that 2 or more red candle would change bullish macd into bearish macd
3. after that we back to side way trend with macd showed bearish trend later (look at maret-may 2019)
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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.