Huge Move, But Levels Respected
After forming a very large move lower, price sold off directly into the support level.
As the daily chart shows, whilst this was a large move, both the daily support and resistance levels remained intact and respected.
Price has now formed a small inside bar on the daily chart.
For the moment there are no obvious price action trades and the best plays looks to be letting price action show it’s hand a little more before committing to any more trades.
As the daily chart shows, whilst this was a large move, both the daily support and resistance levels remained intact and respected.
Price has now formed a small inside bar on the daily chart.
For the moment there are no obvious price action trades and the best plays looks to be letting price action show it’s hand a little more before committing to any more trades.
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