Monthly, trending down, below the orange trendline but too far from it, soon it will attempt to break out of the trend, the lower time frames suggest that it will retrace back to it in january or february. But, I believe it will fail to close above it, the 3k low does not look like enough capitulation, I think it will go to low 2k or high 1k.
Note
Touched the line, and was rejected but still holding above previous low, I believe it will break above but the monthly trendline will stop it near 5k.
Note
The daily timeframe shows us that it's attempting to break up.
Trade closed: stop reached
Ok maybe not.
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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.