BVT - First Target Reached

We may derive the following from the Weekly BVT chart:

1. Price has pretty much reached our first target (See linked idea).

2. Majority of profit can be taken.

3. A bid is most likely to occur at demand level (purple box).

4. Monitor price action and watch for further shorting potential.

5. As always - maintain your risk.

Note: The views provided herein do not constitute financial advice.