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
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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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