As shown by our purple arrows you can see where price has used our marked out zone as support and resistance over and over again, and this been the weekly timeframe makes this a strong level and setup, This also lines up with the 3rd touch of our trendline which will be valid if for the next 7 hours bulls can push price up allowing the weekly candle to close above it.
If you would like to know more about trading then just send me a message, i can tell you all you want to know for FREE.
If you would like to know more about trading then just send me a message, i can tell you all you want to know for FREE.