I hate to be the bearish one but it looks like we are in a corrective zigzag (yellow abc). In a bigger timeframe it looks like we are in wave 2 (blue). Both potential targets have the 53k zone in common.
53k is also a great support because of the sept 7th high.
Lastly, it also matches the target of the h&s I published earlier.
DYOR always.
53k is also a great support because of the sept 7th high.
Lastly, it also matches the target of the h&s I published earlier.
DYOR always.
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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.