Here we are!
The breakout happened and we are right on our Third . What Now?
Now the Bears are in control and the Downward Trend is still Strong.
As you can see from the Chart, we identified two new Support Areas that will be tested if the current level will break down. The is getting Oversold again and the lower band acted as a Strong Support before. In this moment i'm fully Neutral.
Remember that Newton's third law is: For every action, there is an equal and opposite reaction. This law also applies to Financial Markets and it's one of the primary principles of .
Sky is not the Limit
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.