TKG: counter-testing the declining channel pattern
A price action above 3400 supports a bullish trend direction.
Trading just below its 200-month simple moving average.
Confirmation of a bullish setup for a break above 3600.
The target price is set at 3700.
Stop-loss set at 3300. Negate the bullish bias for a break below this level.
"Counter-testing" in this context refers to a trading strategy where a trader attempts to take positions that go against the prevailing trend.
Trading just below its 200-month simple moving average.
Confirmation of a bullish setup for a break above 3600.
The target price is set at 3700.
Stop-loss set at 3300. Negate the bullish bias for a break below this level.
"Counter-testing" in this context refers to a trading strategy where a trader attempts to take positions that go against the prevailing trend.