Potential buying area with promising returns in sight. 15 % chances of retesting previous lows. Overall seems to have a good risk reward ratio at current level.
On the weekly timeframe we are trading below EMA's and therefore we should be careful for further declines BUT after the long correction since 102 area I trust this diagonal triple bottom created.
Fundamentally speaking it looks that this idea could be supported as well.
The money is yours, so it is your final decision as well.
On the weekly timeframe we are trading below EMA's and therefore we should be careful for further declines BUT after the long correction since 102 area I trust this diagonal triple bottom created.
Fundamentally speaking it looks that this idea could be supported as well.
The money is yours, so it is your final decision as well.
