Looking at the 3 hour chart, and seeing both the 20 and 50 MAs blow the 200 here, my expectation would be a move to the upside potentially to the channel top forming and possibly 18000.
It is also likely that the 200 MA could be turned upward here as I have sketched and this would be a very positive indication of a resumption of the overall upward momentum.
It is also likely that the 200 MA could be turned upward here as I have sketched and this would be a very positive indication of a resumption of the overall upward momentum.
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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.