Potential reversal or continuation?
Green line - Trend this year
White line - Overall trend last few years
One to watch closely. Price has reached a strong support level, but has been moving to this point in a downtrend for the last year.
Looking for a bounce at this level on the daily to go long and a reversal. If this level breaks it may continue the current downtrend.
White line - Overall trend last few years
One to watch closely. Price has reached a strong support level, but has been moving to this point in a downtrend for the last year.
Looking for a bounce at this level on the daily to go long and a reversal. If this level breaks it may continue the current downtrend.
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