I think that this latest run will BART down to previous support levels to re-test. It could break down more if the previous trend line doesn't hold. Although this can trade sideways and go up a good amount from here and still keep the formation, just making the BART head wider. I'm not shorting on this call but I am looking for a new entry based on the reaction of the support test.
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.