Two conflicting theories:
Long-term trend - down. Wedge breackout if its down will take it to about 300.
Declining wedge formation means possible breakout to 770 range. Also RSI is in over-sold territory, so it can go up from here.
Inclined towards a buy with stop loss at 440.
Long-term trend - down. Wedge breackout if its down will take it to about 300.
Declining wedge formation means possible breakout to 770 range. Also RSI is in over-sold territory, so it can go up from here.
Inclined towards a buy with stop loss at 440.
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.