Potential areas of reversal could be the previous swing as support at about $10,443 or we could retrace all the way down to common retrace fibs between $9,800ish to $10,200ish. These are areas where if the trend upwards were to continue, we could see reentry among these prices. From there, it would be a very common situation to run up once again creating four hour bearish divergence!
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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.