We may derive the following from the Weekly NED chart:
1. Price has back tested the main trend line and failed to move back to the upside.
2. Price now appears to be completing a correction. A break should result in further downside.
3. Monitor price action and be patient before trading.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price has back tested the main trend line and failed to move back to the upside.
2. Price now appears to be completing a correction. A break should result in further downside.
3. Monitor price action and be patient before trading.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
