Downward trend is being respected.
Current price level could act as resistance and lead to further downside.
- lines up perfectly with the top of the downward trending channel
- approaching key EMAs
Already made good profit if you followed the trend and simply traded the EMAs. This could prove to be an easy short opportunity. If not, then the trend itself would be negated and then reassessed.
Current price level could act as resistance and lead to further downside.
- lines up perfectly with the top of the downward trending channel
- approaching key EMAs
Already made good profit if you followed the trend and simply traded the EMAs. This could prove to be an easy short opportunity. If not, then the trend itself would be negated and then reassessed.