-2 major scenerio may occur as it approaches the support level i) The double top pattern forms and triggers for a sell ii) A reversal may occur triggering a buy order. - Be careful and wait for the right candle stick pattern before making a decision Bye amigos
-Trading at the weekly resistance level -Check the daily chart to get a reversal pattern to trigger a sell -Set Tp at the next support level Bye amigos
-Sitting pretty at the monthly downwards trend line -Use the weekly or daily chart to confirm reversal and sell Bye amigos
-Sitting presently on the monthly upwards trend line -Use proper candle stick pattern on the daily or weekly chart to confirm signal to buy Bye amigos
-The trend is bullish -Buy now and set tp at the next resistance level -Resistance level can be gotten from the weekly chart -This is for swing traders only -Remember to always use proper mm. bye for now amigos
-Presently sitting at the monthly support -Perfect time to buy -TP at the next resistance bye for now amigos
Three possible setup this week 1. A bullish formation may form to continue the uptrend if price is unable to break the red S/R level 2. If price breaks the red S/R level a bounce may occur on the yellow S/R to continue the uptrend 3. Price may crash and dump straight down to the black S/R