ACB on the weekly timeframe

6 févr. 2019

As I trade (with the trend) on the lower timeframes, here's a chart to back up my analysis on the weekly chart.

6 févr. 2019

Note

Compared to the average mean price, momentum favours the bulls. Downside risk is limited as ACB formed double bottom support and will now move to test the upper limit of the range where it is expected to find resistance. This will not be a moon shot, however we will see it in the next 2-3 months most likely.