We may derive the following from the Weekly TKG chart:
1. Price has dropped significantly from the ATH. However, we need to keep in mind that the sell off may present new buying opportunities.
2. The purple box represents a major retracement level and as such we need to watch price action for a potential buy.
3. Monitor price action and be patient before trading.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price has dropped significantly from the ATH. However, we need to keep in mind that the sell off may present new buying opportunities.
2. The purple box represents a major retracement level and as such we need to watch price action for a potential buy.
3. Monitor price action and be patient before trading.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.