The yellow rectangle is a strong support area.
1. Once it's valid,, price may test the upper resistance line again, but i assume it would fail in high possibility.
2. Once the price punches the area, it will test the red support line again.
Considering the former idea i've posted which i attach below, the line might be punched the first time since 15 Jan., and the price will enter a new downtrend again.
Short NG1!
Attached former idea: Once we come to February, it's time to short NG1!, this is my opinion: twitter.com/xia...386660315521024?s=21 )
1. Once it's valid,, price may test the upper resistance line again, but i assume it would fail in high possibility.
2. Once the price punches the area, it will test the red support line again.
Considering the former idea i've posted which i attach below, the line might be punched the first time since 15 Jan., and the price will enter a new downtrend again.
Short NG1!
Attached former idea: Once we come to February, it's time to short NG1!, this is my opinion: twitter.com/xia...386660315521024?s=21 )
Trade active:
Price goes all as expected! bravo!
NG1! should be corrected to CL1!