Last post: May 24th. See chart.
Review: Price had established a bear trend below the daily 200sma.
Update: Price has continued to weaken but is now faced with a support zone that includes the weekly 200sma.
Conclusion: Standing aside until price clears the support zone for us to then consider short trades.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Review: Price had established a bear trend below the daily 200sma.
Update: Price has continued to weaken but is now faced with a support zone that includes the weekly 200sma.
Conclusion: Standing aside until price clears the support zone for us to then consider short trades.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading