The reason why i drew the trendline with the peaks that way is simply that a false breakout of said trendline causes a harder dump therefor i see it as valid.
A clear breakout visible on the this weekly. If weekly closes here then good job bulls you secured some ground and next take profit zones are on the chart.
The trendline goes back to 2019 so it should hold a bit of importance.
Not gonna advise you on how you set your SL, I dont have the time. Its a weekly candle therefor the breakout is only 100% valid AFTER close.
You can jump in depending on what you expect for the rest of this week. I expect a dump on the way to Friday so im not gonna long till thats over.
Also if weekly closes bellow the trendline then get your knifes out, its going daawn.
MSM pumping the market rn on FED optimism soo yeahhh.. not good.
A clear breakout visible on the this weekly. If weekly closes here then good job bulls you secured some ground and next take profit zones are on the chart.
The trendline goes back to 2019 so it should hold a bit of importance.
Not gonna advise you on how you set your SL, I dont have the time. Its a weekly candle therefor the breakout is only 100% valid AFTER close.
You can jump in depending on what you expect for the rest of this week. I expect a dump on the way to Friday so im not gonna long till thats over.
Also if weekly closes bellow the trendline then get your knifes out, its going daawn.
MSM pumping the market rn on FED optimism soo yeahhh.. not good.