Hi Traders!
Let's take a look at ABBV on the daily timeframe. The price has been forming the descending channel pattern for the last months. The price is at the downsloping resistance line right now. We expect the price to fall from here down to the downsloping support line and bounce up from the strong horizontal support. We would enter long when the price reach the support.
What do you think? Let us know in the comments!
Let's take a look at ABBV on the daily timeframe. The price has been forming the descending channel pattern for the last months. The price is at the downsloping resistance line right now. We expect the price to fall from here down to the downsloping support line and bounce up from the strong horizontal support. We would enter long when the price reach the support.
What do you think? Let us know in the comments!
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