Opening level = 305.40 is a significant level in the anticipated long-term Bullish trend that has just recently started. (Continuation Level) Closing level = 320.00 end of Long term Bullish trend (Major Key Level )
LONG TERM trend which has been in play Since OCT/22 = 290.00 - 350.00 (Target) (it is in its beginning stages.)
things to consider (possible rebalancing taking place at this LOI. There are multiple indicators of price going further down that are technical in nature, I see INVERSE H&S & DB Obvious on higher timeframes and have been forming over a long period of time.
(THIS IDEA IS MAINLY BASED ON TECHNICALS)
(this is a personal idea based on what i am seeing MY CHART.)
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.