*Simple Analysis*
1) Price broke a strong support level so it'll retest this level or test the next level below it
2) Current trend is down overall
We can conclude that there is more of a chance continuing down since it has been on a strong down trend already. My bias is short to the next level.
The chart shows the 3 possible outcomes, takes your pick.
1) Price broke a strong support level so it'll retest this level or test the next level below it
2) Current trend is down overall
We can conclude that there is more of a chance continuing down since it has been on a strong down trend already. My bias is short to the next level.
The chart shows the 3 possible outcomes, takes your pick.
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