We may derive the following from the J200 Weekly chart:
1. Price recovered quite well from the previous support.
2. We now face a major resistance level and backtest where a reversal to the downside is possible.
3. Check the lower time frames for possible entries. i.e. a sell setup.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price recovered quite well from the previous support.
2. We now face a major resistance level and backtest where a reversal to the downside is possible.
3. Check the lower time frames for possible entries. i.e. a sell setup.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.