Clear down trend currently on 4hr chart. Currently testing very strong support in 1900-2050 zone. With trend line been around as well
Volatility is quite high at similar levels as last few tops/bottoms.
Bounce from this level is possible, but trend stays down.
Volatility is quite high at similar levels as last few tops/bottoms.
Bounce from this level is possible, but trend stays down.
Note
Bounce from trend line, no close bellow it. Current bar looks as engulfing bar
Possible bounce towards 2250 or even 2400-2450 (top of the channel)
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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.