This fork frames quite well price action for the past few weeks and is quite aligned with last top. Even if uptrend is not so strong inside it, price will remain inside the green channel for some time. Yesterday's low was on the 0,38 Fib retracement and this could be a good time to place a new long.
Idea invalidated below 400 where price could drop on the blue channel around 390.
Idea invalidated below 400 where price could drop on the blue channel around 390.
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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.