Currently, the price is right around the weekly opening level.
Therefore, this week's candle will determine the trend for next week. • Closing a green weekly candle → high probability that the price will continue to rise next week. • Closing a red weekly candle → next week the price may dip down first.
In general, this is a very important zone to watch, although the smaller timeframes are currently quite noisy and difficult to trade.
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Currently, the price is right around the weekly opening level.
Therefore, this week's candle will determine the trend for next week.
• Closing a green weekly candle → high probability that the price will continue to rise next week.
• Closing a red weekly candle → next week the price may dip down first.
In general, this is a very important zone to watch, although the smaller timeframes are currently quite noisy and difficult to trade.
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