The momentum is currently favoring the bears but this type of consolidation is unprecedented and implies a big more coming in my opinion. The direction of the move is yet to be determined, but I think a buy stop order over the green line with a stop loss order below the red line is worth the risk/reward.
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.