Weekly Chart Explanation:
- Price bounced on the Descending Trendline before starting its down path.
- Now, it is against an important Ascending Trendline that was tested three times in the past and could not break it.
- From here, price may follow two paths. It may break and start a violent down move or it can bounce from here and test the Descending Trendline one more time.
Updates coming soon!
- Price bounced on the Descending Trendline before starting its down path.
- Now, it is against an important Ascending Trendline that was tested three times in the past and could not break it.
- From here, price may follow two paths. It may break and start a violent down move or it can bounce from here and test the Descending Trendline one more time.
Updates coming soon!