We need to hold this trend line to continue our bullish bias. Remember this is the weekly time frame so we can wick below the trend line but we need the weekly candle to close on or above the trend line.
If we lose our current range low of 17k area then we will have to go back to 2020 and prior to find levels of support. Also if we close below the trend line we are currently above it will act as resistance in the future.
Risk management is key traders!
What’s everyone think?
If we lose our current range low of 17k area then we will have to go back to 2020 and prior to find levels of support. Also if we close below the trend line we are currently above it will act as resistance in the future.
Risk management is key traders!
What’s everyone think?