We may derive the following from the Weekly DSY chart:
1. Price has respected the weekly downtrend resistance.
2. It also has a longer term bullish trend intact.
3. Price is narrowing in.
4. I would wait for a confirmation of the trend direction before taking any new buys/sells. Patience is key here.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price has respected the weekly downtrend resistance.
2. It also has a longer term bullish trend intact.
3. Price is narrowing in.
4. I would wait for a confirmation of the trend direction before taking any new buys/sells. Patience is key here.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
