On Weekly chart we can see simple purple Support Trendline that comes back from May 2016.
In Feb 2018 we broke through it and last 2 weeks we were retesting this line, but it showed huge amount of resistance.
IF this week candle closes below the trendline and makes tweezer top formation we could definitely be looking for another leg down towards 100 area.
Good luck!
In Feb 2018 we broke through it and last 2 weeks we were retesting this line, but it showed huge amount of resistance.
IF this week candle closes below the trendline and makes tweezer top formation we could definitely be looking for another leg down towards 100 area.
Good luck!