Watch the red zone.
Each day the red parallel line isn't breached, the higher risk of the price re-testing $100-$150 USD.
Watch this level, nevertheless we're still trading sideways at the moment. A solid break below 1300~1400 CNY is a clear signal of doom ahead.
My bias: bearish
Watch this level, nevertheless we're still trading sideways at the moment. A solid break below 1300~1400 CNY is a clear signal of doom ahead.
My bias: bearish
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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.