Our recent breakout was a fakeout and we again have tested the support level indicated. We will soon be at a convergence of upward trendline and tested support. This poses an important point, up or down.
At risk if we break down, we could revisit and test our August low. However the more likely scenario will be a push back up to 57-58 range. The question remains whether we can carry enough momentum up to new ATHs.
IMHO of course and not financial advice. DYOR. All the best success in 2022!
At risk if we break down, we could revisit and test our August low. However the more likely scenario will be a push back up to 57-58 range. The question remains whether we can carry enough momentum up to new ATHs.
IMHO of course and not financial advice. DYOR. All the best success in 2022!
Nota
We spent a week at this level in September - my guess letting the leveraged traders time to assume more downside opportunity. Then we vaulted up. Still TBD but a similar move would test the upward trendline as (now) resistance.Otherwise, down we go.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.