We may derive the following from the Weekly EXX chart:
1. Overall, price is still in an uptrend.
2. We have a channel with strong resistance and a double top.
3. Price i.m.o should first drop lower to the support of the channel.
4. Wait for price to reach the trend support - for now, we remain bullish (trend is your friend).
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Overall, price is still in an uptrend.
2. We have a channel with strong resistance and a double top.
3. Price i.m.o should first drop lower to the support of the channel.
4. Wait for price to reach the trend support - for now, we remain bullish (trend is your friend).
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
