Price is currently in the middle of 2 weekly zones which have both been tested at least 3 times.
The upper zone is a zone from Nov 2009 and has had some big drops in the past, because of this we may not see strength at this level.
We are seeing price respect a daily level, due to the zone below having been test 3 times, we could see price make a break lower to the fresh zone below which would give a better low risk long position.
Will want and see which way price moves
The upper zone is a zone from Nov 2009 and has had some big drops in the past, because of this we may not see strength at this level.
We are seeing price respect a daily level, due to the zone below having been test 3 times, we could see price make a break lower to the fresh zone below which would give a better low risk long position.
Will want and see which way price moves