Last week we were looking at a weaker upside move.
This week we are looking at which levels we could see next.
Right now, price is in a nice downtrend and already breaking below previous lows, after it’s made a correction.
This pullback is also known as a Pennant in technical analysis.
Based on this figure and on the trend we should see a downside continuation.
We’ve marked the 1736-1804 zone as a support zone at which we’re going to be looking for price reaction.
In case of a reversal candles we recommend closing out selling positions.
It’s still early for buying opportunities and we don’t suggest looking for any on this timeframe!
This week we are looking at which levels we could see next.
Right now, price is in a nice downtrend and already breaking below previous lows, after it’s made a correction.
This pullback is also known as a Pennant in technical analysis.
Based on this figure and on the trend we should see a downside continuation.
We’ve marked the 1736-1804 zone as a support zone at which we’re going to be looking for price reaction.
In case of a reversal candles we recommend closing out selling positions.
It’s still early for buying opportunities and we don’t suggest looking for any on this timeframe!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
