NLMK to drop to 100.00-95.00 Area
Hi Traders,
High probability NLMK will continue to drop until reaching 100.00-95.00 level. Support is 100 round psychological level and support line which have been tested 3 times so far.
Selling here at this point would be risky, where waiting for 100-95 and buying there is a better and safer option.
Let's watch this.
Cheers
Tony
High probability NLMK will continue to drop until reaching 100.00-95.00 level. Support is 100 round psychological level and support line which have been tested 3 times so far.
Selling here at this point would be risky, where waiting for 100-95 and buying there is a better and safer option.
Let's watch this.
Cheers
Tony
Note
4H chart shows price has taken an attempt to retrace upwards printing inversed head and shoulders pattern. I would watch out for 148 upwards breakthrough with a spike of volume as confirmation of reversal.
So far the selling set up is still valid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.