Nothing fancy, just highlighting the levels in which the price could bottom/top here. If you are not a trader but a long term holder, you only need to pay attention to the break down below the green box. A lot of stops will be placed there, where a fake out could happen. We can take advantage of that area below by moving our Buy's and SLs a little lower. Moreover, this is timeframed at weekly to view via indicators that prices are pretty much near bottom.
Sell means to sell if price breaks down from that level
Buy means wait for a breakout above that level before buying
This is to reduce some short term risk. Of course, long term holders can buy now and wait for a long time. That is also a valid strategy :)
That is all, thanks
Sell means to sell if price breaks down from that level
Buy means wait for a breakout above that level before buying
This is to reduce some short term risk. Of course, long term holders can buy now and wait for a long time. That is also a valid strategy :)
That is all, thanks