TOP 40 - Simple Analysis
Looking at the TOP40 Index, we may derive the following from the weekly chart:
1. Price is at a notable resistance level where many rejections have occurred.
2. Prince is backtesting the weekly trend line break (purple line).
3. I am favouring a move to downside.
4. Since we are at a high, the risk is far less than trying to short once the move has occurred (if it does).
5. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.
1. Price is at a notable resistance level where many rejections have occurred.
2. Prince is backtesting the weekly trend line break (purple line).
3. I am favouring a move to downside.
4. Since we are at a high, the risk is far less than trying to short once the move has occurred (if it does).
5. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.