We may derive the following from the Weekly NED chart:
1. Price is near a weekly trend support.
2. Bears have dragged the price down for many weeks.
3. Price i.m.o should continue to fall further, but there is potential for buyers to come in at the current price.
4. I would consider waiting for more clear price action.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price is near a weekly trend support.
2. Bears have dragged the price down for many weeks.
3. Price i.m.o should continue to fall further, but there is potential for buyers to come in at the current price.
4. I would consider waiting for more clear price action.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.