if MOL's weekly candle closes above the resistance line, it may indicate a downtrend breakout.
Confirm the Breakout: A single weekly close above the resistance line might be an initial signal, but confirmation is essential. You may want to look for additional confirmation, such as:
A subsequent weekly candle that remains above the resistance level.
Increased trading volume, which can indicate strong interest and validate the breakout.
Disclaimer: This information is for educational purposes only and should not be considered as financial advice. Always conduct your own research or consult with a financial advisor before making trading decisions. Trading involves risk, and it's important to trade according to your risk tolerance and use proper risk management strategies.
Confirm the Breakout: A single weekly close above the resistance line might be an initial signal, but confirmation is essential. You may want to look for additional confirmation, such as:
A subsequent weekly candle that remains above the resistance level.
Increased trading volume, which can indicate strong interest and validate the breakout.
Disclaimer: This information is for educational purposes only and should not be considered as financial advice. Always conduct your own research or consult with a financial advisor before making trading decisions. Trading involves risk, and it's important to trade according to your risk tolerance and use proper risk management strategies.
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