We may derive the following from the Weekly VOD chart:
1. Price was rejected by our major trend (grey trend) (See linked idea).
2. However, price has/is holding at our backtest level.
3. A further bid may help push the price up.
4. Monitor for bullish action and a break of the channel trend.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
Update idea
1. Price was rejected by our major trend (grey trend) (See linked idea).
2. However, price has/is holding at our backtest level.
3. A further bid may help push the price up.
4. Monitor for bullish action and a break of the channel trend.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
Update idea
