BOP is continuously trending in downtrend channel and respecting its boundaries.
Volumes are clearly higher on downside and lower on upside which is additional confirmation of strength of Bear Trend.
It's just holding this level around 10 only because of powerful bullish sentiment of index only, on a slight negativity in index BOP will quickly start its another down leg
SHORT BOP 9.9-10.20
TP1 9.10
TP2 8.20
TP3 7.80
SL 10.60
Volumes are clearly higher on downside and lower on upside which is additional confirmation of strength of Bear Trend.
It's just holding this level around 10 only because of powerful bullish sentiment of index only, on a slight negativity in index BOP will quickly start its another down leg
SHORT BOP 9.9-10.20
TP1 9.10
TP2 8.20
TP3 7.80
SL 10.60
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.
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.