In our last forecast, we expected the price to reach the support area before going back up. Instead, it went strongly up and made a new top.
In the coming week, after we retested the upper channel line, we are expecting a correction and a medium-term bearish move that could reach the lower trendline.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, after we retested the upper channel line, we are expecting a correction and a medium-term bearish move that could reach the lower trendline.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
