We may derive the following from the Weekly PIK chart:
1. Price has bounced off the major support level (purple box). See previous linked idea.
2. Price is now testing the previous support levels (now resistance).
3. Monitor price action and wait for a clear opportunity.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price has bounced off the major support level (purple box). See previous linked idea.
2. Price is now testing the previous support levels (now resistance).
3. Monitor price action and wait for a clear opportunity.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
