Whenever you are unsure of the overall direction of price, always look at the bigger picture and go back to the basis.
We know that in a downtrend price respects resistance and creates lower lows as and lower highs.
Looking at this chart, we can see that price has been pulling back to weekly supply zones and falling from there.
So where to next now that yet another weekly supply zone has been retested and respected?
Happy Trading :)
#TheTrendIsYourFriend
We know that in a downtrend price respects resistance and creates lower lows as and lower highs.
Looking at this chart, we can see that price has been pulling back to weekly supply zones and falling from there.
So where to next now that yet another weekly supply zone has been retested and respected?
Happy Trading :)
#TheTrendIsYourFriend