CNI Long despite bearish move down
The current break of the 50 day moving average is a retracement towards the 'C' leg. This represents a potential buying opportunity both in the short and long term.
The chart shows two ABCD movements up along the long-term trend. The main ABCD and a minor abcd forming within the main.
The chart shows two ABCD movements up along the long-term trend. The main ABCD and a minor abcd forming within the main.
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.