It's not an easy decision but I think it's going to go down a bit more. The way in which he moves so aggressively makes it difficult for me and reduces my reaction time.
If we see in the first chart, when descending respect the last angle, there he sat down quite well, which could mean that he is going to stay in that area, take strength and gently begin a climb up to middle resistance.
On the other hand, having already touched this level of support, opens the possibility of descending a little more to the next level, a support established in 2016 that has not been touched since then.
To be honest, the way he descends so aggressively makes it very difficult for me to have a target, (speaking about me and about the system of analysis that I use).
I do not think this is the best time to open a position, so this analysis is focused on those that are already short ... just an idea
Take your best decisions
Best wishes to all!!
If we see in the first chart, when descending respect the last angle, there he sat down quite well, which could mean that he is going to stay in that area, take strength and gently begin a climb up to middle resistance.
On the other hand, having already touched this level of support, opens the possibility of descending a little more to the next level, a support established in 2016 that has not been touched since then.
To be honest, the way he descends so aggressively makes it very difficult for me to have a target, (speaking about me and about the system of analysis that I use).
I do not think this is the best time to open a position, so this analysis is focused on those that are already short ... just an idea
Take your best decisions
Best wishes to all!!
