Here's why it may be a potentially good buying opportunity:
- a possibly exhausted extended correction,
- price is testing the support from the trendline,
- likely support at the 100% size of the prior swing down (red line) and the minor lows to the left.
- a possibly exhausted extended correction,
- price is testing the support from the trendline,
- likely support at the 100% size of the prior swing down (red line) and the minor lows to the left.
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.
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.