We may derive the following from the Weekly AGL chart:
1. We had a major sell off last week, which i.m.o confirms the sellers starting to gather momentum.
2. We have inner trend line (blue line), which is the last support before we head down to the major trend line.
3. I would consider shorts until such time as we reach major support (pink line).
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. We had a major sell off last week, which i.m.o confirms the sellers starting to gather momentum.
2. We have inner trend line (blue line), which is the last support before we head down to the major trend line.
3. I would consider shorts until such time as we reach major support (pink line).
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
