Support and resistance playing out perfectly on the daily timeframe.
Blue - 200 weekly MA
Orange - monthly 50 MA
Yellow - previous ATH
Now currently sitting on the black trend line so will wait to see how it plays out.
Support and resistance playing out perfectly on the daily timeframe.
Blue - 200 weekly MA
Orange - monthly 50 MA
Yellow - previous ATH
Now currently sitting on the black trend line so will wait to see how it plays out.
great TA here mate. Let's hope the trendline doesn't break so we can have some relief bearish bounce.
Seems instead to be forming a channel between 19000 and 21500. Hard to predict what's next. Keeping and open mind!