KSM Big Support

KSM is testing the Neckline of a massive Double Top from a year ago, which makes it a very strong Support channel.
A few targets within the weak descending channel:

Target #1 = 165
Target #2 = 161
Target #3 = 158
Target #4 = 156

SUPPORT DAILY = 156 to 141

Once KSM reaches the Support Daily/Neckline, watch out for turbulence. I'll consider entering after it breaks down the Neckline. If this thesis holds, KSM will be in freefall.

This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.

Happy Trades!

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Yorum:

Target #1 reached

Yorum:

All 4 Targets reached.
KSM is testing the Neckline, not setting new targets until it has a clear direction.