Looking at the unusually high sell volume down to $166, it appears that many sellers have capitulated. We are pressing up against a key long term trendline, and the similarities between the April / May 2014 bottom are profound.
For now $215 has shown significant support in the form of a triple bottom, and I am "cautiously" long (unleveraged).
For now $215 has shown significant support in the form of a triple bottom, and I am "cautiously" long (unleveraged).
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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.