In my previous post here, price had broken through a .
The next level we need price to break is the of the consolidation zone. Should price fail to break that level then
price may remain within the consolidation zone for a while longer or it could attempt to break through the consolidation .
Price remains above the 50 & 200 simple moving averages on the Weekly and Daily timeframes so the bias is .
Remember that we can not predict which way the market will go and this is why we need a breakout to confirm trend direction.
If price breaks above the then this gives us the confirmation that there should be more movement to the upside
and puts the odds of a profitable long trade in our favour.
Lets wait and see what happens with Tesco going forward.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!